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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 November 21. To view a full article or story, click on the link next to the headline.
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Alibaba (NYSE: BABA) Sells $8 Bln Of Bonds In Company’s Debut Sale (English article)
The following press releases and media reports about Chinese companies were carried on November 20. To view a full article or story, click on the link next to the headline.
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Google (Nasdaq: GOOG) To Launch Its App Store In China – Report (English article)
Alibaba (NYSE: BABA) Said To Prepare Inaugural Bond Issue For Today (English article)
Qualcomm (Nasdaq: QCOM) Sees Progress In Talks In China On Licensing Fees (English article)
Bottom line: The new connection between the Shanghai and Hong Kong stock exchanges will make China tech stocks accessible to Chinese investors, and could prompt more companies to abandon New York for Hong Kong IPOs
HK-Shanghai link opens doors for Chinese tech buyers
The newly launched link between the Hong Kong and Shanghai stock markets should breathe new life and stability into China’s volatile stock markets by making shares of mainland-listed firms accessible to sophisticated Western buyers with billions of dollars to invest. But equally exciting is a bumper crop of new investment opportunities that will soon become available to Chinese investors, who will finally gain access to wide range of top domestic high-tech firms that for years were beyond their reach. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 15-17. To view a full article or story, click on the link next to the headline.
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Major Hedge Funds Piled Into Alibaba (NYSE: BABA) In Third Quarter (Chinese article)
eHi Car Services (NYSE: EHIC) IPO Delayed By False Information Claims (Chinese article)
Bailian Group Takes 10 Pct Of Shanghai Disneyland (NYSE: DIS) Operator (Chinese article)
China Mobile’s (HKEx: 941) TD-LTE Subs Reach 50 Mln (English article)
Home Inns (Nasdaq: HMIN Removes All Listings From Qunar (Nasdaq: QUNR) (Chinese article)
Bottom line: Tencent’s new WeChat-based free voice service could stand a good chance of success, but will face challenges due to technical issues and resistance from China’s traditional telcos.
WeChat launches free voice calling service
Internet giant Tencent (HKEx: 700) has just announced new quarterly results that show slowing growth for its core social networking (SNS) and gaming units, but everyone is far more interested in the low-key launch of a new free voice calling feature on its wildly popular WeChat platform. The new function, called WeChat phone book, lets users make real-time phone calls for free by routing them over the Internet, and is similar to that offered by the much older Skype. But unlike Skype, which only allows free calls to other Skype users, the new Tencent service allows users to make free calls to anyone with a fixed- or mobile phone account. Read Full Post…
Bottom line: Telefonica’s sell-down of its Unicom stake presages an exit from the investment next year, ending a decade of failed tie-ups by foreign telcos looking to tap the Chinese telecoms services market.
Telefonica halves Unicom stake
Chinese telco shares may look like a good bet for small investors hoping to profit from company stock gains, but they’re a clear dud for foreign carriers hoping to profit from China’s huge but highly protected telecoms market. That’s my latest assessment following word that Spain’s Telefonica (Madrid: TELF) is further selling down its stake in China Unicom (HKEx: 762; NYSE: CHU), in what looks like a prelude to a complete exit from this problematic investment.
If Telefonica does indeed completely dump Unicom, it would mark the end of a decade-long courtship that saw some of the world’s top telcos invest heavily in their Chinese counterparts. All of those investments ended in divorce, with the foreign carriers selling their shares when they failed to get any strategic benefits from the tie-ups. Read Full Post…
Bottom line: China could have as many as 400 million 4G subscribers by the end of next year, as the nation’s 2 smaller carriers join China Mobile in offering aggressive promotions starting in January.
4G to explode in 2015
After a period of relative quiet following the iPhone 6’s delayed China launch last month, we’re seeing a sudden flurry of news on the development of 4G service in China. None of the headlines are unexpected, but they do collectively point to a coming explosion in 4G service in 2015. Leading the headlines are reports that the telecoms regulator will give 4G licenses to China’s 2 smaller telcos, China Unicom (HKEx: 762; NYSE: CHU) and China Telecom (HKEx: 728; NYSE: CHA), by the end of this year. At the same time, another report is giving the latest national 4G figures, and yet another headline details Unicom’s aggressive 4G plans for 2015. Read Full Post…
The near-monopoly held by Tencent’s (HKEx: 700) WeChat in China’s mobile messaging space could soon get a fresh shot of competition, with word that e-commerce giant Alibaba (NYSE: BABA) was in talks for an alliance to revive China Mobile’s (HKEx: 941; NYSE: CHL) fast-fading Fetion text messaging service. Such a powerful tie-up could take direct aim at the current stranglehold on the market held by WeChat, which now has more than 400 million active users and has become an indispensable communications tool for many. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 25-27. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941), Alibaba (NYSE: BABA) Partner on Fetion – Source (English article)
HP (NYSE: HPQ) Said To Seek Buyer For Majority Stake Of Chinese H3C Unit (English article)
Leading telco China Mobile (HKEx: 941; NYSE: CHL) has just released its latest quarterly results that show profits continue to sag by about 10 percent, continuing a theme from the past year. But the figure that’s catching attention in the headlines is the company’s top line revenue, which has fallen for the first time ever in the latest quarter. The revenue drop isn’t all that surprising and comes about a year after China Mobile’s profits first began to decline. But perhaps more worrisome is the prospect that revenue could continue to drop for years until China Mobile finds a way to win back some of the business that is rapidly flowing to third-party service providers like Tencent (HKEx: 700) and a new batch of mobile virtual network operators (VNOs). Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 21. To view a full article or story, click on the link next to the headline.
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China’s M&A Watchdog Halves Time Taken To Approve Deals (English article)
Apple (Nasdaq: AAPL) In Talks With UnionPay, Other For Apple Pay In China (Chinese article)
China Mobile (HKEx: 941) Reports Results For First 3 Quarters (HKEx announcement)
Tesla (Nasdaq: TSLA) Tries Tmall, To Take Part In Single’s Day Promotion (Chinese article)
SanPower Group Acquires Group Buying Site LaShou (Chinese article)
