The stock of China Unicom (CHU) shows a multiple bottoms pattern with $11.96 target or 3.00 % below today’s $12.33 share price. The 7 months chart pattern indicates high risk for the $37.49B company. ……
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China Unicom (CHU) Draws Bearish Attention After Forming Multiple Bottom Pattern
China’s ‘big three’ telecoms operators look to ring in changes with blockchain tech
China Mobile, China Unicom and China Telecom are jointly driving the new effort, which forms part of the Trusted Blockchain initiative of the China Academy of Information and Communications Technology … ( read original story…
Is China mulling a new round of telecom sector revamp?
As per an announcement, China United Network Communications Group — commonly known as China Unicom — is getting a new general manager, Li Guohua, who was earlier with China Post Group. Meanwhile, Chin… ( read…
China Mobile, China Telecom and China Unicom sign blockchain project deal
China’s three big carriers are to work together on a trusted blockchain telecoms application group. According to reports from Chinese financial news site FN.com, this is the first time that China Mobi… ( read original…
Beijing Towers Over This $9 Billion IPO
China Tower Corp.’s Hong Kong IPO looks like a pretty straightforward affair. There’s a reason why fund managers and index compilers treat global peers like American Tower Corp. and Crown Castle Inter… ( read original…
Exclusive: BMW to raise prices of two U.S.-made SUV models in China
BMW’s decision to absorb much of the impact of the higher tariffs echoes an earlier move by U.S. carmaker Ford Motor Co (F.N), which said it would not increase its prices for now in an…
China Tower’s IPO gets cool retail response as trade tensions and unstable markets keep investors cautious
China Tower, the world’s biggest telecoms transmission tower operator, saw a lacklustre response from retail investors on the second day of its US$8.7 billion Hong Kong IPO, as many potential buyers t… ( read original…
Beijing City Reports Slowest Mortgage Growth in Five Years-Xinhua
BEIJING — China’s capital Beijing has reported its slowest growth in outstanding mortgage loans in five years, state news agency Xinhua said, as government controls help damp down the property market. … ( read original…
China: Qualcomm failed to resolve anti-monopoly worries
BEIJING — Qualcomm Inc. failed to resolve China’s anti-monopoly concerns about its proposed acquisition of NXP Semiconductors, the government said Friday, in a case analysts warned would worsen escala… ( read original story …)
Alibaba’s Movie Business Dominates the Chinese Box Office
That makes the movie business another thing Alibaba can add to its list of things it has dominated in China. Alibaba founder Jack Ma is going after the growing movie business in China. Image source:…
China Mobile Hong Kong supports the launch of MiguC in Hong Kong
Introducing a prime online entertainment platform for young people and promoting local anime production HONG KONG, CHINA – Media OutReach – 27 July 2018 – Being one of the leading mobile telecommunica… ( read original…
Beijing to ease bank capital rule to free up more lending
The People’s Bank of China headquarters in Beijing. The PBoC has cut reserve-requirement ratios three times this year, while tax cuts and infrastructure projects were announced on Monday. China took a… ( read original story…
Lone suspect in blast near U.S. embassy in Beijing caught
BEIJING (Reuters) – A bomb exploded outside the U.S. embassy in Beijing on Thursday, wounding the lone assailant, the embassy said in a statement, although police described the weapon merely as a “fir… ( read…
