China Mobile (941.HK) shares slipped on Monday despite posting solid third quarter earnings. The Chinese telecom giant reported 4.6% year-on-year profit growth to CNY92.1 billion for the first nine months of the year, on 4.9%…
TECHNOLOGY
China Unicom explains how it will leverage Alibaba and Tencent
China Unicom has explained how it will leverage the capabilities of its investment partners Alibaba Group and Tencent in growing its Cloud business in China. Alibaba Cloud will open the public cloud service capability to…
China Unicom (Hong Kong) Ltd (CHU) Given Average Recommendation of “Hold” by Analysts
Complete the form below to receive the latest headlines and analysts’ recommendationsfor China Unicom (Hong Kong) Ltd with our free daily email newsletter: Shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) have been given an…
China’s Critical Role In Technology and Geopolitics
For some time now I have been concerned about the state of American competitiveness looking out a decade ahead. Innovation has been the lifeblood of our economic success, and nowhere has this been more apparent…
Tesla reaffirms effort to build cars in China; mum on deal report
China levies a 25 percent duty on sales of imported vehicles and has not allowed foreign automakers to establish wholly owned factories in the country, the world’s largest auto market. Those are problems for Tesla,…
China Unicom forecasts profit surge
China Unicom, the country’s second largest mobile operator, issued a positive profit alert, with brisk service revenue growth and lower expenses expected to drive a 155 per cent jump in its net profit for the…
China Unicom (Hong Kong) Ltd (CHU) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its holdings in shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) by 22.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm…
China Mobile: How Did Those Earnings Turn Out?
China Mobile reported 9M 2017 earnings. Expectations were for a slowdown in profitability and elsewhere. China Mobile reported quite the opposite. A couple of days ago, I felt compelled to write an article on China…
China Mobile reports 4.6 percent rise in 9-month net profit
HONG KONG (Reuters) – China Mobile Ltd (0941.HK), the country’s largest telecom service provider, reported a 4.6 percent rise in nine-month net profit on Friday on fast mobile data growth despite an industry-wide rate cut.…
China Mobile’s 4G focus brings growth in revenue, EBITDA and profit
China Mobile Chairman Shang Bing has several reasons to smile after announcing the financial result for the first three months of 2017. China Mobile posted revenue of RMB 569.5 billion or $86.02 billion (+4.9 percent),…
China Mobile Profit Growth Ticks Up on Booming Data Demand
China Mobile Ltd., the world’s largest wireless carrier by subscribers, said Friday its profit growth accelerated in the third quarter as data traffic nearly doubled to more than offset declines in its older voice and…
China Mobile 9-month profit grows 4.6% as data traffic doubles
China Mobile saw its operating revenue reach CNY 569.5 billion for the first nine months of 2017, which represents an increase of 4.9 percent year-on-year. Revenue from telecommunications services amounted to CNY 515.3 billion, up…
Riches and new rules weigh down China Mobile
HONG KONG: Riches and new rules are weighing down on China Mobile. A price war and a cut to roaming fees are hurting margins. But the biggest issue facing the $205 billion behemoth remains a…
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