HONG KONG, March 15 State-owned China Unicom Hong Kong Ltd on Wednesday reported a drop in revenue and profit for 2016, and is bracing for further challenges this year as the Beijing government calls on…
TECHNOLOGY
It's time China and EU lifted all digital barriers
Mobile phone users in China will not have to pay roaming charges while travelling within the Chinese mainland from October and people in European Union member countries will start enjoying the same concession within the…
China: 373 million rural residents used mobile banking in 2016
Mobile banking posted the fastest growth among non-traditional payment methods in rural China, with online banking stagnant and telephone banking falling significantly. About 373 million rural residents in China made payments totalling to USD 3.4…
Look for Shares of China Mobile to Potentially Pullback after Yesterday's 1.31% Rise
China Mobile (NYSE:CHL) traded in a range yesterday that spanned from a low of $55.91 to a high of $56.30. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of…
China’s online retailer Alibaba is spending a lot of money on mobile gaming
The best way to stay connected to the Android pulse. Our main newsletter is the Android Weekly which is sent every Sunday and contains all the top Android news, reviews and features from the past…
China Unicom Soars After Slashing Capex: Dividends?
China Unicom (762.Hong Kong/CHU) soared 4.4% after reporting its full-year results. In 2016, net profit at China Unicom tumbled 94% from a year ago, in line with the company’s profit warning announced on January 26.…
China Unicom profit plunges 94% in 2016
China Unicom posted service revenue of CNY 240.98 billion in 2016, up 2.4 percent year-on-year. EBITDA amounted to CNY 79.50 billion, down 9.1 percent year-on-year and accounting for 33 percent of service revenue. Profit reached…
China Unicom's profits plunge as it battles competition
Increasing competition has hit the country’s major telecommunications company China Unicom which has reported a 94 percent plunge in net profits to 625 million yuan ($90.7 million). The carrier’s annual report, released on Wednesday, shows…
Unicom posts lower profit, sales
HONG KONG－State-owned China Unicom Hong Kong Ltd reported a drop in revenue and profit for 2016 due to a huge investment in 4G and broadband network infrastructure, amid fierce competition among domestic telecom heavyweights. The…
China Unicom (Hong Kong) Limited (CHU) Rating Increased to Buy at Deutsche Bank AG
China Unicom (Hong Kong) Limited (NYSE:CHU) was upgraded by equities researchers at Deutsche Bank AG from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. Separately, Nomura downgraded shares…
What will die first, cash or password?
The growth in mobile payments will spur the development of China’s digital verification industry. According to the latest report released by domestic consulting company iResearch, the market scale of China’s third-party mobile payment more than…
Chinese tech titan Alibaba invests 1 billion yuan in mobile gaming distribution
The company is investing 1 billion yuan in an alliance with a handful of other mobile gaming firms to distribute offerings between China and other parts of the world. Getting mobile games in front of…
China beats India hollow in net access, smartphone ownership
Smartphone ownership in China has jumped 31 percentage points since 2013, but in India it has increased by only six points during the same time period. While virtually every Chinese person surveyed owns at least…
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