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Tag Archives: China Mobile
China Mobile latest Business & Financial news from Doug Young, the Expert on Chinese Companies, (former Journalist and Chief editor at Reuters in Asia)
The following press releases and media reports about Chinese companies were carried on April 25. To view a full article or story, click on the link next to the headline.
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Apple’s (Nasdaq: AAPL) Greater China Revenue Grows Just 8 Pct (Chinese article)
China to Mandate 7-Day Returns for E-Commerce Purchases (English article)
China Mobile (HKEx: 941) Buys 15 Pct of USTC iFlytek (HKEx announcement)
New Oriental (NYSE: EDU) Announces Q1 Results, $50 Mln Buyback Plan (PRNewswire)
In what looks like a major development in the ongoing feud between China Mobile (HKEx: 941; NYSE: CHL) and Tencent (HKEx: 700) over the latter’s popular WeChat service, China’s telecoms regulator has said it will no longer play the role of mediator in the issue and instead will let the market resolve the matter. I have to commend the Ministry of Information and Industry Technology (MIIT) for its decision, as I’ve previously said a regulator’s job is to maintain order in the industry and not to get involved in commercial disputes. This interesting turn of events could also signal that China Mobile itself may be preparing to back down in this case, following widespread criticism that it’s trying to blame others like Tencent for its own lackluster performance. Read Full Post…
I was a bit surprised by the just-released latest quarterly results from cellular crybaby China Mobile (HKEx: 941; NYSE: CHL), which I expected to contain abundant evidence supporting its grievances in an ongoing battle with Internet giant Tencent (HKEx: 700). China Mobile complains that Tencent’s popular WeChat mobile instant messaging service is hogging up capacity on its network, and is pressuring Tencent to start charging fees for the service so that both companies can share that revenue. At the same time, China Mobile is also complaining that WeChat helps mobile subscribers circumvent traditional SMS services by routing messages over the Internet, robbing China Mobile of an important revenue source. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 23. To view a full article or story, click on the link next to the headline.
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The following press releases and media reports about Chinese companies were carried on April 20-22. To view a full article or story, click on the link next to the headline.
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GM (NYSE: GM) Renews Cadillac Campaign In China (English article)
China Mobile (HKEx: 941) Launches 20 Bln Yuan Tender For TD-LTE (Chinese article)
My first reaction to reading the news that mobile carrier China Mobile (HKEx: 941) had formally scrapped a 4-year-old plan to buy a stake in Taiwanese peer Far EasTone (Taipei: 4904) was: What took them so long? In fact, I wasn’t even aware that China Mobile still even considered this tie-up alive, as the deal attracted controversy from the moment the 2 sides announced it in 2009. This formal scrapping of the deal does seem to represent a milestone of sorts, as it shows that we won’t see any M&A in the sensitive telecoms sectors across the Taiwan Strait anytime soon despite ever warming ties between China and Taiwan. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 19. To view a full article or story, click on the link next to the headline.
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IBM (NYSE: IBM) In Talks To Sell x86 Server Business To Lenovo (HKEx: 992) (English article)
Yahoo (Nasdaq: YHOO) China To Halt Email Box Service On August 19 (Chinese article)
China Mobile (HKEx: 941) Ends Agreement With FarEastone (Taipei: 4904) (HKEx announcement)
We’re seeing some interesting new moves in the smartphone space from e-commerce leader Alibaba and dominant carrier China Mobile, as each makes big new bets in the fast-evolving area. Alibaba is launching its mobile operating system (OS) on a new series of smartphones with several Chinese partners, following a similar aborted attempt last year. China Mobile, meanwhile, is planning a major overhaul for its popular but rapidly aging Fetion mobile messaging service, in an attempt to compete with newer, more popular third-party apps like Tencent’s (HKEx: 700) WeChat. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 17. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941) Restructures Fetion Mobile Messaging Service (Chinese article)
The following press releases and media reports about Chinese companies were carried on April 12. To view a full article or story, click on the link next to the headline.
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Yum (NYSE: YUM) Says Bird Flu Hits China April Sales; March Down (English article)
Commerce Dept Finds Chinese Solar Importers Evading Duties (Businesswire)
Games Contribute 88 Pct of China Mobile (HKEx: 941) App Store Revenues (English article)
ICBC (HKEx: 1398) Announces Completion of Buy-Back By Central Huijin (HKEx announcement)
Dell (NYSE: DELL) Greater China President Yang Chao Resigns (Chinese article)
The non-stop debate over Internet giant Tencent’s (HKEx: 700) popular WeChat mobile instant messaging service has moved south to Hainan island, where executives on both sides of the issue are speaking out at a major annual forum in the city of Boao. On one side of the issue, former China Mobile (HKEx: 941; NYSE: CHL) Chairman Wang Jianzhou is saying that WeChat and other popular mobile apps are a huge burden for the nation’s telcos, which must invest big bucks in infrastructure that these Internet-based programs require to operate. On the other side of the issue, Tencent President Martin Lau is saying that WeChat will remain free, contradicting recent signals from the telecoms regulator that Tencent will soon start to charge for the service. Read Full Post…
