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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 May 31-June 3. To view a full article or story, click on the link next to the headline.
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Dutch Pension Fund APG Invests Up To $650 mln In China Warehouse Firm (English article)
Web Cleanup Expands With Investigation Of 14 Mobile Game Firms (Chinese article)
China Telecom (HKEx: 728) 2014 4G Capex to Reach 40 Bln Yuan (English article)
The following press releases and media reports about Chinese companies were carried on May 30. 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 May 27. To view a full article or story, click on the link next to the headline.
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China’s State-Owned Sector Told To Cut Ties With US Consulting Firms (English article)
Yintai CEO Resigns to Join JD.com’s (Nasdaq: JD) Paipai (English article)
China State Construction Plans (Shanghai: 601688) $4.8 Bln Preferred Stock Sale (English article)
Oriental Pearl, Sony (Tokyo: 6758) to Jointly Release PlayStation in China (English article)
Mobile Base Station JV In Q3 Launch, China Telecom (HKEx: 728) To Benefit Most (Chinese article)
I was disappointed but certainly not surprised to read that homegrown telecoms equipment giants Huawei and ZTE (HKEx: 763; Shenzhen: 000063) won the big majority of a major new batch of contracts from dominant wireless carrier China Mobile (HKEx: 941; NYSE: CHL) to build its 4G network. Regular readers will know that I’m a strong advocate of free trade, and believe that Chinese and western equipment sellers should receive 4G contracts in any country roughly in line with their global market share. But in China such major purchasing often has a political element, especially when the buyer is a state-run company, which is clearly the case here. Read Full Post…
After more than a year of preparation, China’s newly licensed virtual network operators (VNOs) began launching mobile service last week, as part of Beijing’s drive to invigorate the stodgy telecoms services sector long dominated by 3 state-run carriers. The launch of VNOs by e-commerce giant JD.com and leading electronics chain Suning (Shenzhen: 002024) both look well-conceived by targeting specific groups of consumers who are both relatively affluent and big users of mobile services. Read Full Post…
After a low-key awarding of licenses last last year, the first batch of new virtual network operator (VNO) mobile carriers are quietly coming into the market this month in a move aimed at shaking up the industry dominated by 3 big state-run telcos. In one of the most anticipated launches, e-commerce giant JD.com has just announced its first mobile packages that show how it plans to compete with the trio of China Mobile (HKEx: 941; NYSE: CHL), China Unicom (HKEx: 762; NYSE: CHU) and China Telecom (HKEx: 728; NYSE: CHA). Read Full Post…
China Telecom (HKEx: 728; NYSE: CHA) is quickly becoming a company to watch, with new signals indicating it will soon receive a 4G license for its FDD-LTE technology as it searches for private partners to co-develop new services. These 2 news bits actually come from separate sources, but they collectively show that China Telecom could be poised to gain some market share over its larger and more bureaucratic rivals China Mobile (HKEx: 941; NYSE: CHL) and China Unicom (HKEx: 762; NYSE: CHU). Regular readers will know that I’m relatively bullish on China Mobile and China Telecom, though I’m far less enthusiastic about the schizophrenic Unicom. Read Full Post…
Wireless carrier China Telecom (HKEx: 728; NYSE: CHA) was in the headlines last week with its launch of a financial product similar to savings accounts, becoming the latest in a long string of companies to enter an area dominated for decades by state-run banks. At the same time, separate reports said the central bank was nearing a plan to introduce its first major regulation of these new products, in another widely expected move. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 10-12. To view a full article or story, click on the link next to the headline.
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Alibaba Rival JD.com To Be Valued At Up To $24.6 Bln In IPO (English article)
Toto Reaches Agreement With Striking Chinese Workers (English article)
China Telecom (HKEx: 728) Launches Fund Sales (English article)
BYD (HKEx: 1211) Receives Record Bus & Taxi Order (Businesswire)
Tuniu (Nasdaq: TOUR) Rises 12 Pct In Trading Debut On Nasdaq (Chinese article)
A controversial new plan could see China’s 3 major wireless carriers pool their resources to form a base station joint venture, marking a rare collaboration just as Beijing is trying to foster more competition in the highly protected industry. While the move appears to have anti-competitive overtones, it would actually represent a smart and much-needed step towards reducing costs that would benefit both the companies and consumers. Read Full Post…
Just a day after China Mobile (HKEx: 941; NYSE: CHL) reported some of its worst results in years, new developments in the telecoms space are showing why the nation’s leading telco will face a rough time for the rest of this year and quite possibly well beyond that. According to the latest media reports, China’s telecoms regulator could issue 4G licenses for the main technology being used by China Mobile’s 2 rivals as soon as next month, injecting a major shot of competition into the market. The second telecoms news bit comes in broadband, with reports that the nation’s newly formed national cable TV company has formally registered and will start business soon. Read Full Post…
