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Tag Archives: China Telecom
China Telecom latest Business & Financial news from Doug Young, the Expert on Chinese High Tech Market, (former Journalist and Chief editor at Reuters)
The following press releases and media reports about Chinese companies were carried on April 24. To view a full article or story, click on the link next to the headline.
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Xiaomi To Enter 10 New Countries For Smartphone Sales (English article)
China National Cable TV Operator Completes Registration (Chinese article)
Qihoo (NYSE: QIHU), Sungy (Nasdaq: GOMO) Partner To Target Global Expansion (PRNewswire)
China Telecom (HKEx: 728) To Release 4G Handsets In May – Sources (English article)
Yingli (NYSE: YGE) Proposes Follow-on Public Offering of 25 Mln ADSs (PRNewswire)
Leading wireless telco China Mobile (HKEx: 941; NYSE: CHL) has kicked off the first-quarter earnings season with some numbers that look quite scary, reflecting a sharp slowdown as its home market shows growing signs of saturation. Adding to the problem is the rapid growth of “over the top” (OTT) apps like Tencent’s (HKEx: 700) popular WeChat, which are stealing business from China Mobile’s traditional text messaging service. I commented last month that a recent sell-off in China Mobile shares could represent a good buying opportunity, but clearly these latest results show the company is going through a period of painful readjustment that is likely to last for the rest of this year. Read Full Post…
Rising e-commerce giant JD.com has been all over the blogosphere this past week, trumpeting some major adjustments in its core e-commerce unit as it also prepares to become one of the first companies to challenge China’s 3 major telcos under a new plan to open up that sector. Of course all of this comes against the backdrop of JD.com’s own upcoming New York IPO, which could raise up to $1.5 billion.
If I was being cynical, I might say that much of this buzz is aimed at keeping JD in the headlines as it prepares to list, especially since last week saw early signs that the red-hot New York market for Chinese IPOs may be starting to cool. But in this case, I do think that much of the buzz coming from JD seems genuine and isn’t just hype, as the company tries to position itself to pose a major challenge to e-commerce leader Alibaba. Read Full Post…
It’s probably too early to declare the death of an ambitious plan to liven up China’s stodgy telecoms services sector through the injection of new private sector competition. But the latest reports that these new competitors, called virtual network operators (VNOs), are facing difficulties due to high prices being charged by their suppliers is just the latest sign that the plan from the Ministry of Industry and Information Technology (MIIT) is running into trouble. I’ve been predicting such trouble all along, and these latest reports are raising serious concerns that the new VNOs will never get a serious chance to succeed. Read Full Post…
I don’t usually offer direct investment advice in this space, but today I can’t resist opining that perhaps investors are being a bit hasty in dumping shares of China Mobile (HKEx: 941; NYSE: CHL) after the nation’s dominant wireless carrier reported its first annual profit decline in more than a decade. The decline shouldn’t come as a huge surprise, since China Mobile reported an 8.8 percent profit decline in the third quarter. Obviously falling profits are never something investors want to see. But in this case it’s also worth noting that China Mobile has responded to the challenge with a number of new initiatives that show it is finally waking up to a new reality where it faces growing competition from the private sector. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 20 To view a full article or story, click on the link next to the headline.
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Huawei Targets 80 Mln Smartphone Shipments In 2014, Aims For No 2 Spot (Chinese article)
China Telecom, Unicom New Users Drop Sharply In February (Chinese article)
Tencent (HKEx: 700) Announces Annual Results For 2013 (HKEx announcement)
ZTE9 Releases FunBox – the World’s Fastest Home Entertainment Console (Businesswire)
Vipshop (NYSE: VIPS) To Partner With Russian Flash Sales Site (English article)
The 4G strategies of China’s 2 smaller telcos are starting to emerge under an unusual hybrid scheme being rolled out by the nation’s telecoms regulator, and the path being pursued by China Unicom (HKEx: 762; NYSE: CHU) certainly doesn’t look encouraging. Both Unicom and China Telecom (HKEx: 728; NYSE: CHA) have been given the nod to launch commercial 4G service using a homegrown standard known as TD-LTE, even though both plan to build their main networks using a more globally tested technology technology called FDD-LTE. But whereas China Telecom is making minimal investment in TD-LTE, Unicom seems intent on wasting billions of dollars, with word that it has awarded contracts to 8 companies to start construction of a network based on the technology. (Chinese article) Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 5. To view a full article or story, click on the link next to the headline.
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A new report about a sudden exodus of middle- and top-level executives from China’s big 3 telcos is forcing me to rethink my earlier assertion about the relationship between those carriers and a group of new competitors called virtual network operators (VNOs). Earlier reports about the defection of a top executive from one of the big telcos to a new VNO had prompted me to declare the big 3 state-run carriers were trying to sabotage the new VNO scheme to quash any new competition. But now this new report reveals that similar defections at all levels of management are becoming widespread, indicating perhaps that market economics really are at work here. Read Full Post…
A new flurry of reports are saying that 4G service launches are coming soon from the nation’s 2 smaller telcos, China Telecom (HKEx: 762; NYSE: CHA) and Unicom (HKEx: 762; NYSE: CHU), as both seek to stop leading telco China Mobile (HKEx: 941; NYSE: CHL) from gaining any advantage from its earlier roll-out of similar service. The move initially came as a slight surprise to me, as I really didn’t expect either company to aggressively promote 4G until the second half of this year for technological and cost reasons I’ll explain soon. But this sudden acceleration in their plans actually looks like a smart strategic move to prevent China Mobile from gaining new momentum, even if such a tack could create both technical and financial challenges for both smaller carriers. Read Full Post…
The following press releases and media reports about Chinese companies were carried on February 14. To view a full article or story, click on the link next to the headline.
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China Auto Market Growth Slows Sharply In January (English article)
Cosmetics Retailer Jumei.com Hires Banks For $600 Mln US IPO (English article)
China Telecom (HKEx: 728), Unicom (HKEx: 762) Plan Q1 4G Launch – Source (English article)
Liu Qiangdong To Be Worth 7 Bln Yuan After JD.com IPO (Chinese article)
Lenovo (HKEx: 992) Projects End to Motorola Losses With China Phone (English article)
