China’s factory output grew 6.4 percent in July from a year earlier, while fixed-asset investment expanded 8.3 percent in the first seven months, both below economists’ forecasts. Analysts polled by Reuters had predicted factory output…
TECHNOLOGY
Facebook anonymously launched an app in China
The social media company’s connection to the app was first reported Friday by The New York Times, which said it was released in China through a separate local company called Youge Internet Technology. The launch…
China plans to develop sea launches to give impetus to space commerce
A file photo of China Aerospace Science and Technology Corporation (CASTC). The CASTC says sea launch platform can be built based on modifying 10,000-tonne freighters. China plans to provide sea launches for commercial payloads to…
China Unicom Shares Rally on Strong Profit Growth Forecast
Shares in China Unicom (762.HK) surged as much as 4.6% in Hong Kong trading Monday morning. That came after the state-owned telco put out a positive profit alert after the market’s close Friday evening. Unicom…
China Mobile Reports CNY62.7 Billion Net Profit For H1 2017
China Mobile published its semi-annual report for the first half of 2017, stating that the company realized operating revenue of CNY388.9 billion, a year-on-year increase of 5%; and its net profit was CNY62.7 billion, a…
China SOEs Need More Red Packets
Investors should watch for Chinese state-owned enterprises bearing red envelopes this earnings season. Shares of China Mobile Ltd. bucked the broader market trend Friday to rise as much as 1.7 percent after the telecom operator…
China Unicom reports huge profit rise on business transformation
BEIJING, Aug. 13 (Xinhua) — China Unicom, one of the country’s three state-owned telecommunications carriers, reported a surge in first-half profits due to its efforts in business transformation. In a brief statement to the Shanghai…
China Unicom (Hong Kong) Ltd
China Mobile had 6 analyst reports since August 21, 2015 according to SRatingsIntel. Equities research analysts at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for China Unicom (Hong Kong) in a report…
China Mobile: Special Dividend Not Enough
Blue chip China Mobile (941.HK) shares are up slightly this morning against a cratering Hong Kong stock market as investors cheer a special dividend. Shares of the Chinese telco were up almost 1% against a…
China Unicom (Hong Kong) Limited (ADR) (CHU) Forms $14.77 Double Top; Principal Real Estate Income Fund (PGZ)’s Sentiment Is 0.9
Pan Global Resources Inc. is engaged in the acquisition of rights to explore for minerals and the exploration of acquired rights. The company has market cap of $9.01 million. China Unicom (Hong Kong) Limited (ADR)…
China Mobile to pay special dividend amid steady revenue, profit growth
China Mobile, the world’s largest wireless network operator by subscribers, surprised the market on Thursday by announcing a special dividend after reporting stable interim earnings growth. Chairman Shang Bing said in a regulatory filing that…
China Mobile outlines 4G, VoLTE and broadband growth strategy
China Mobile has pursued its strategy of “Big Connectivity”, rode on the development of 4G and household broadband as well as driving ahead with the integrated development of its four growth engines. China Mobile chairman…
China Unicom Denies Investment Deals With Tencent, Alibaba
(Beijing) — China Unicom, one of the country’s big three state-owned telecom operators, denied reports that it would receive investments from private tech giant Alibaba Group and Tencent Holdings as part of the company’s long-awaited…