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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 27-29. To view a full article or story, click on the link next to the headline.
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Baidu (Nasdaq: BIDU) To Buy Online Video Firm For $400 Mln-Paper (English article)
Websites Closed In Crackdown On Pirate Movie Networks (English article)
AgBank (HKEx: 1288) OKs Plan To Issue 90 Bln Yuan In Capital Instruments (HKEx announcement)
China Telecom (HKEx: 728) Sells E-Surfing Media Stake To Parent (HKEx announcement)
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…
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…
The following press releases and media reports about Chinese companies were carried on April 3. To view a full article or story, click on the link next to the headline.
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ICBC (HKEx: 1398) To Buy 20 Pct of Taiwan’s Sinopac (Taipei: 2890) (HKEx announcement)
Paramount (NYSE: VIAb), China Movie Channel To Produce “Transformers 4” (English article)
China Telecom (HKEx: 728), Netease (Nasdaq: NTES) Partner on Mobile IM – Source (English article)
Baidu’s (Nasdaq: BIDU) Qunar Meets Resistance From Suppliers (Chinese article)
Class Action Suit Against Canadian Solar (Nasdaq: CSIQ) Dismissed (PRNewswire)
A new memo that has been reportedly leaked from China’s second largest mobile carrier, China Unicom (HKEx: 762; NYSE: CHU), shows the nation’s 3 telcos may not be nearly as united as many may think in their approach to Tencent’s (HKEx: 700) popular WeChat mobile app. This revelation, if true, doesn’t surprise me at all, since industry giant China Mobile (HKEx: 941; NYSE: CHL) has been leading the assault on WeChat from the very beginning, complaining the popular mobile instant messaging app uses huge amounts of its networking capacity. But it’s far from clear if the nation’s other 2 mobile carriers, Unicom and China Telecom (HKEx: 728; NYSE: CHA) share China Mobile’s discontent. Read Full Post…
In the space of just a half year, Internet giant Tencent’s (HKEx: 700) popular mobile messaging WeChat app has gone from obscurity, to red-hot rising star, to its latest position as a target of attack from just about everyone. The popular app has come under assault in the last 3 months from the nation’s 3 telcos, which complain that WeChat users are taking up a growing share of their network capacity. The trio have found a potent ally in the nation’s telecoms regulator, the Ministry of Industry and Information Technology (MIIT), which has stepped in to help “mediate” the dispute. On top of all that, a wave of envious rivals with copycat products is quickly appearing on the scene. Read Full Post…
New subscriber data for China’s 3 major telcos has just come out for January, so it seems like a good time to take a look at what’s ahead this year as Beijing gets set to issue 4G licenses that will usher in a new era for the sector. Based on the data and other recent developments, it does indeed look like industry leader China Mobile (HKEx: 941; NYSE: CHL) could finally return to a growth track in the Year of the Snake after years of stagnation as it struggled under its own massive weight. That prediction comes at least partly from the latest industry data, that shows China Mobile’s share in the important 3G market has finally stabilized after it lost steady share over the last 2 years to more aggressive rivals China Telecom (HKEx: 728; NYSE: CHA) and China Unicom (HKEx: 762; NYSE: CHU).
Since China first announced its plans to launch an International Board several years ago, a group of overseas-based companies that do big business in China have been waiting patiently to list on the board to raise both cash and their profiles on the mainland. Many of those companies were genuine foreign firms, such as banking giants HSBC (HKEx: 5; London: HSBA) and Standard Chartered (HKEx: 2888; London: STAN); but an equally large group were Chinese companies like mobile carrier China Mobile (HKEx: 941; NYSE: CHL) and PC maker Lenovo (HKEx: 992), which incorporated overseas so they could list their shares in Hong Kong. Now it appears that at least some of the Chinese companies that wanted to list on the International Board are losing their patience with the slow progress, with word that Lenovo’s parent and telecoms carrier China Telecom (HKEx: 728; NYSE: CHA) may both be exploring more traditional A-share listings for some of their units.
I don’t know about other people, but I’m getting increasingly tired of China Mobile’s (HKEx: 941; NYSE: CHL) non-stop string of word games as it aggressively pushes the country’s telecoms regulator to quickly issue 4G licenses that will allow it to offer a commercial 4G wireless service. But perhaps my frustration would be more appropriately directed at the telecoms regulator itself, the Ministry of Industry and Information Technology (MIIT), whose massive bureaucracy means it often takes ridiculously long periods to approve just about anything, putting China’s telecoms market at a major disadvantage to global peers.
The following press releases and media reports about Chinese companies were carried on February 1. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Awarding Of 4G Licenses In 2013 A Foregone Conclusions – Source (Chinese article)
Huawei CFO Linked To Firm That Offered HP (NYSE: HP) Gear To Iran (English article)
China Telecom’s (HKEx: 728) Video Subsidiary Aims for Domestic Listing (English article)
LDK Solar (NYSE: LDK) Provides Update on China Development Bank Financing (PRNewswire)
Ctrip (Nasdaq: CTRP) Reports Unaudited Q4 And Full Year Financial Results (PRNewswire)
New government data on mobile text messaging, also known as SMS, is underscoring how this former cash cow for China’s telcos is quickly losing its audience, forcing the carriers to quickly look for replacement revenue sources. The new data also adds some new perspective to the high-profile clash between leading telco China Mobile (HKEx: 941; NYSE: CHL) and top Internet player Tencent (HKEx: 700) that erupted last month, as the former accused the latter of stealing its SMS business.
New subscriber data for China’s 3 major telcos has just come out for January, so it seems like a good time to take a look at what’s ahead this year as Beijing gets set to issue 4G licenses that will usher in a new era for the sector. Based on the data and other recent developments, it does indeed look like industry leader China Mobile (HKEx: 941; NYSE: CHL) could finally return to a growth track in the Year of the Snake after years of stagnation as it struggled under its own massive weight. That prediction comes at least partly from the latest industry data, that shows China Mobile’s share in the important 3G market has finally stabilized after it lost steady share over the last 2 years to more aggressive rivals China Telecom (HKEx: 728; NYSE: CHA) and China Unicom (HKEx: 762; NYSE: CHU).
Since China first announced its plans to launch an International Board several years ago, a group of overseas-based companies that do big business in China have been waiting patiently to list on the board to raise both cash and their profiles on the mainland. Many of those companies were genuine foreign firms, such as banking giants HSBC (HKEx: 5; London: HSBA) and Standard Chartered (HKEx: 2888; London: STAN); but an equally large group were Chinese companies like mobile carrier China Mobile (HKEx: 941; NYSE: CHL) and PC maker Lenovo (HKEx: 992), which incorporated overseas so they could list their shares in Hong Kong. Now it appears that at least some of the Chinese companies that wanted to list on the International Board are losing their patience with the slow progress, with word that Lenovo’s parent and telecoms carrier China Telecom (HKEx: 728; NYSE: CHA) may both be exploring more traditional A-share listings for some of their units.
I don’t know about other people, but I’m getting increasingly tired of China Mobile’s (HKEx: 941; NYSE: CHL) non-stop string of word games as it aggressively pushes the country’s telecoms regulator to quickly issue 4G licenses that will allow it to offer a commercial 4G wireless service. But perhaps my frustration would be more appropriately directed at the telecoms regulator itself, the Ministry of Industry and Information Technology (MIIT), whose massive bureaucracy means it often takes ridiculously long periods to approve just about anything, putting China’s telecoms market at a major disadvantage to global peers.
