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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 October 23. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
The following press releases and media reports about Chinese companies were carried on October 17. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Baidu (Nasdaq: BIDU) Integrates MP3 Search with Baidu Music (English article)
JA Solar (Nasdaq: JASO) Receives Nasdaq De-Listing Notice (Globe Newswire)
Courier Shentong Refuses Some Deliveries From Jingdong Mall (Chinese article)
Under-Fire ZTE (HKEx: 763) Sells Surveillance Systems Subsidiary (English article)
China Mobile (HKEx: 941) Says 9 Vendors Win Contracts in TD-LTE Tender (Chinese article)
More positive signals are emerging on China’s long march to 4G, with both the telecoms regulator and embattled networking equipment provider ZTE (HKEx: 763; Shenzhen: 000063) providing the latest signs that China could award 4G licenses much sooner than many previously thought. These new signals seem to be the latest in an accelerating trend, as China’s slow-moving telecoms regulator finally responds to pressure from industry heavyweight China Mobile (HKEx: 941; NYSE: CHL) to award 4G licenses sooner rather than later. Perhaps more importantly, the regulator could finally be realizing that its constant lateness in awarding new technology licenses is putting China’s 3 telcos at a distinct disadvantage to their global rivals, forcing the trio of China Mobile, China Unicom (HKEx: 762; NYSE: CHU) and China Telecom (HKEx: 728; NYSE: CHA) to constantly play catch-up to their more aggressive peers around the world.
A wide range of buzz is coming from the telecoms space, led by more reverberations from Washington’s controversial decision to lock out Huawei and ZTE (HKEx: 763; Shenzhen: 000063) from the US telecoms equipment market. China’s 3 major telcos are also making the headlines for other reasons, as they continue to jostle for position in both the 3G wireless and also the fixed-line broadband spaces.
A flurry of new signals from the public and private sectors are all indicating that TD, a home-grown Chinese technology for third- and fourth-generation wireless mobile services, may finally be gaining momentum after several years of languishing, providing a welcome boost for China Mobile (HKEx: 941; NYSE: CHL), the technology’s main proponent. The latest news bits include word that China Mobile itself is preparing to purchase large volumes of handsets that can operate on the 4G standard known as TD-LTE, and that global smartphone chip leader Qualcomm (Nasdaq: QCOM) will roll out a highly anticipated TD chip by the end of the year. From the regulatory end, the Ministry of Industry and Information Technology (MIIT), which oversees the telecoms sector, is also reportedly preparing to finalize its spectrum plans for TD-LTE and 4G in general within the next month.
The following press releases and media reports about Chinese companies were carried on September 28. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
BYD (HKEx: 1211) in New Jam as Founder Jumps (English article)
CNOOC (HKEx: 883) Confident on Nexen (Toronto: NXY) Deal After Canada Talks (English article)
China Mobile (HKEx: 941) to Start TD-LTE Terminal Procurement (English article)
Hollywood Supports Taobao Removal From Black List, Apparel Makers Oppose (Chinese article)
Nike’s (NYSE: NKE) Earnings And China Orders Fall (English article)
The following press releases and media reports about Chinese companies were carried on September 12. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
55tuan Slides Into Delusion As Funding Noose Tightens on Group Buying (Chinese article)
The aggressive 4G aspirations of leading wireless carrier China Mobile’s (HKEx: 941; NYSE: CHL) have just received a major boost from the telecoms regulator, which has said licenses for next-generation wireless networks known as LTE will be issued in about a year. At the same time, however, China Mobile is suffering the latest in a long series of disappointments for its current 3G service, with word that there are no immediate plans to launch an Apple (Nasdaq: AAPL) iPhone for the struggling network that uses a problematic homegrown technology called TD-SCDMA.
More than 3 years after receiving the booby prize when China awarded its 3G mobile licenses, China Mobile (HKEx: 941; NYSE: CHL) is still sulking about being forced to build a network based on a problem-plagued homegrown Chinese technology and now wants one of its rivals to share the misery. That’s my broader interpretation of the latest reports that say China’s dominant mobile carrier is lobbying hard for the industry regulator to force one of its 2 rivals to build a future 4G network based on the problematic technology, known as TD. (English article; Chinese article)
The following press releases and media reports about Chinese companies were carried on September 4. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Baidu (Nasdaq: BIDU) to Spend 10 Bln Yuan on Cloud Computing Center – CFO (Chinese article)
China Mobile (HKEx: 941) Wants China Telecom (HKEx: 728) to Adopt TD-LTE -Source (Chinese article)
Suning (Shenzhen: 002024) Flagship Stores to Carry General Merchandise (English article)
McGraw-Hill, New Oriental (NYSE: EDU) Unveil College Readiness Program for China (PRNewswire)
New signals coming from Beijing indicate the mobile Internet could be the first area of China’s telecoms sector to open to foreign investment, following years of an informal ban on outside investment in the sensitive space. The new signs, coming from the telecoms regulator, would be consistent with recent moves over the past year that have seen Beijing officially approve new China-based cloud computing ventures backed by US technology giants IBM (NYSE: IBM) and Microsoft (NYSE: MSFT), both of which have an Internet focus.
More positive signals are emerging on China’s long march to 4G, with both the telecoms regulator and embattled networking equipment provider ZTE (HKEx: 763; Shenzhen: 000063) providing the latest signs that China could award 4G licenses much sooner than many previously thought. These new signals seem to be the latest in an accelerating trend, as China’s slow-moving telecoms regulator finally responds to pressure from industry heavyweight China Mobile (HKEx: 941; NYSE: CHL) to award 4G licenses sooner rather than later. Perhaps more importantly, the regulator could finally be realizing that its constant lateness in awarding new technology licenses is putting China’s 3 telcos at a distinct disadvantage to their global rivals, forcing the trio of China Mobile, China Unicom (HKEx: 762; NYSE: CHU) and China Telecom (HKEx: 728; NYSE: CHA) to constantly play catch-up to their more aggressive peers around the world.
A wide range of buzz is coming from the telecoms space, led by more reverberations from Washington’s controversial decision to lock out Huawei and ZTE (HKEx: 763; Shenzhen: 000063) from the US telecoms equipment market. China’s 3 major telcos are also making the headlines for other reasons, as they continue to jostle for position in both the 3G wireless and also the fixed-line broadband spaces.
The aggressive 4G aspirations of leading wireless carrier China Mobile’s (HKEx: 941; NYSE: CHL) have just received a major boost from the telecoms regulator, which has said licenses for next-generation wireless networks known as LTE will be issued in about a year. At the same time, however, China Mobile is suffering the latest in a long series of disappointments for its current 3G service, with word that there are no immediate plans to launch an Apple (Nasdaq: AAPL) iPhone for the struggling network that uses a problematic homegrown technology called TD-SCDMA.
New signals coming from Beijing indicate the mobile Internet could be the first area of China’s telecoms sector to open to foreign investment, following years of an informal ban on outside investment in the sensitive space. The new signs, coming from the telecoms regulator, would be consistent with recent moves over the past year that have seen Beijing officially approve new China-based cloud computing ventures backed by US technology giants IBM (NYSE: IBM) and Microsoft (NYSE: MSFT), both of which have an Internet focus.
