China Unicom (Hong Kong) said first-quarter net profit fell 14% despite higher revenue, as surging administrative expenses weighed on earnings. Net profit declined to 3.17 billion yuan ($448.3 million … ( read original story …)
TECHNOLOGY
Shunned by U.S., Huawei Winning in China’s $170 Billion 5G Race
Huawei Technologies Co. is emerging as the runaway winner in China’s $170 billion effort to build out its fifth-generation wireless networks, part of a concerted effort by Beijing to seize the lead in … (…
Blockchain Bites: DeFi Hacker Is Back, Oil Craters and Big Tech Won’t Sue You
Big Tech vows not to sue developers using their patents to build solutions to the COVID-19 pandemic while a hacker returns funds stolen this weekend. ( read original story …)
New Crypto Ponzi Scheme Takes Off in China
In China, a new Ponzi scheme has picked up steam … While the PlusToken scam remains one of the most significant crypto scam operations in history (second to, perhaps, OneCoin), the scam … ( read…
Did China Technology Industry Group Limited (HKG:8111) Insiders Buy Up More Shares?
Investors may wish to note that an insider of China Technology Industry Group Limited, , recently netted from selling stock, receiving an average price of . On the bright side, that’s just a small ……
Huawei, China’s mobile carriers bring 5G communications to Mount Everest
Huawei Technologies has teamed up with wireless network operators China Mobile, China Unicom and China Telecom to roll out advanced 5G infrastructure on , the world’s highest mountain above sea level. ( read original story…
China Mobile 1Q Net Profit Fell 0.8% as Phone Sales Slumped Amid Pandemic
China Mobile Ltd.’s net profit for the first quarter fell 0.8% from a year earlier, as sales of hardware products slumped due to the coronavirus pandemic. Net profit for the January-to-March period … ( read…
China Mobile Loses About 4 Million Subscribers in Quarter
China Mobile Ltd.’s wireless user base shrank in the first quarter as the spread of the new coronavirus shut down China’s economy and prompted millions to cancel services at the country’s largest … ( read…
China Mobile misplaces 4M customers but finds another 30M for 5G
China Mobile isn’t used to reporting negatives, but its first earnings report for 2020 was sprinkled with them. Revenues, earnings and headline profits all dipped for the first quarter as the world’s … ( read…
China Market Update: Policy Support Lifts Mainland Markets
Breadth was off with 17 advancers and 33 decliners. HSBC finally had a positive day +1.39%/+27 index points, AIA -0.62%/-15 index points and China Mobile +1.16%/+13 index points. Today’s best … ( read original story…
China Mobile Lost Almost 4 Million Subscribers in First Quarter
China Mobile Ltd.’s wireless user base shrank in the first quarter as the spread of the new coronavirus shut down China’s economy and prompted millions to cancel services at the country’s largest … ( read…
China Mobile Q1 customer numbers, revenues, profit off amid virus pandemic
Mobile ARPU advanced RMB 46.9 from 46.0 while wirelines ARPU declined to RMB 31.3 from 33.0. China Mobile said that amid the pandemic, its business transformation and upgrade, plus higher 5G-related … ( read original…
Here’s What Analysts Are Forecasting For China Unicom (Hong Kong) Limited (HKG:762) After Its Annual Results
Limited (HKG:762) shareholders are probably feeling a little disappointed, since its shares fell 4.9% to HK$5.00 in the week after its latest annual results. It looks like the results were a bit of a ……
