China Unicom, the country’s second-largest mobile network operator, is poised to receive a huge windfall worth HK$88 billion (US$11.25 billion) from the mainland government’s first test case under its ambitious mixed-ownership reform scheme for state…
TECHNOLOGY
China Unicom gets funding and stake boost from parent in ‘mixed ownership reform’
Hong Kong-listed China Unicom, whose parent China United Network Communications Group last week announced to sell a 35.2 per cent stake to 14 big companies to raise 78 billion yuan (US$11.6 billion), says the parent…
China Mobile offers new data packages
China Mobile will offer more data and favorable price packages to 20 million users in Shanghai from Friday as it aims to compete with its two rival state-owned carriers. China Mobile’s users in Shanghai will…
China relaunches world’s fastest train
China’s fleet of high-speed trains is set once again to become the world’s fastest. The top speed of the Fuxing or “rejuvenation” bullet trains was capped at 300km/h (186mph) in 2011 following two crashes that…
China regulator says Unicom’s reform plan does not violate rules; shares surge
HONG KONG (Reuters) – China Unicom’s $11.7 billion ownership reform plan does not violate rules, the nation’s securities regulator said, helping shares in the telecom group’s units surge as they resumed trade on Monday after…
China Unicom, energy firms boost Hong Kong shares
SHANGHAI, Aug 21 (Reuters) – Hong Kong shares finished higher on Monday, supported by strong performance in energy and telecoms firms after China Unicom’s ownership reform plan was given the green light by China’s securities…
China Mobile : 4G net adds rise to 12.32m in July
4G mobile customers in July, faster than the pace of 10.419 million in the previous month, bringing the total 4G customer size to 606 million. The net additional customers for July amounted to 3.351 million,…
Chinese tech giants battle for mobile payments market
A pitched battle between China’s technology titans for control of the world’s largest mobile-payments market is starting to ripple overseas. The biggest combatant is Ant Financial Services Group, an affiliate of e-commerce giant Alibaba and…
China regulator says Unicom reform plan does not violate rules, shares surge
HONG KONG (Reuters) – China Unicom’s $11.7 billion ownership reform plan does not violate rules, the nation’s securities regulator said, helping shares in the telecom group’s units surge as they resumed trade on Monday after…
China Unicom Shanghai unit says to raise $11.7 billion
HONG KONG (Reuters) – China United Network Communications Ltd (600050.SS), the Shanghai-listed unit of telecoms group China Unicom, said it plans to raise 61.73 billion yuan ($9.25 billion) in a private placement. In addition, the…
CORRECTED-China Unicom Shanghai unit says to raise $11.7 bln
(Corrects to remove reference in headline and first paragraph to figure being less than previously announced, adds additional funds to be raised in 2nd and 3rd paragraphs) HONG KONG, Aug 21 (Reuters) – China United…
China Unicom Shanghai unit says to raise $9.25 billion, less than flagged
HONG KONG (Reuters) – China United Network Communications Ltd (600050.SS), the Shanghai-listed unit of telecoms group China Unicom, said it plans to raise 61.73 billion yuan ($9.25 billion) in a private placement, more than $2…
China’s Biggest Mobile Payment Solutions Are Taking Root In U.S. and Europe
I was in a taxi in Singapore last week and I couldn’t help but notice the sticker affixed to the back of the driver’s seat. In English and Chinese it read, “We accept Alipay.” It…
