China Mobile (CHL) stock rose 3.9% on March 20, 2017, to close at $58.52. It had risen 5.3% one day previously, on March 19. Notably, the stock has returned 6.4% over the trailing-12-month period and…
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What Happened to China Mobile on March 20?
China Mobile books flat 2016 profit, ups dividend ratio for first time in decade
* Net profit up 0.2 pct to 108.7 billion yuan * Revenue rises 6 pct to 708.4 billion * Final dividend HK$1.243; full-year payout ratio at 46 pct (Adds further earnings figures, company comments, context)…
Mintel's Latest Study on China Mobile Phones Market Highlights Key Pointers to Attain Positive Growth Through 2021
In the saturating mobile phone market, replacement purchase is the key driver as consumers show the potential to trade up. This is especially the case for lower tier cities and rural areas. Brands should focus…
China Telecom to Cut Capex by 8% in 2017
The service provider, which competes against China Mobile Ltd. (NYSE: CHL) and China Unicom Ltd. (NYSE: CHU) in China’s fixed and mobile telecom markets, said in an earnings update that it would spend about 89…
Facial recognition software targets toilet paper thieves in China
But until recently, the bathrooms of Beijing’s Temple of Heaven, a complex of religious buildings constructed in 1420, carried rolls upon rolls of the white stuff. Unfortunately, toilet paper thieves, who had long frustrated Beijing…
Beijing park unrolls high-tech plan to thwart toilet paper thieves
Beijing’s Temple of Heaven park is using facial recognition software to bring its bathrooms into the 21 st Century and thwart thieves with a penchant for swiping its toilet paper stash. The system, which has…
Airbnb makes a late play for China
Airbnb is arriving late to the China party. The short-term rental startup paid little attention to the world’s most populous country for years. But it’s now stepping up efforts to appeal to China’s growing ranks…
China tells cornerstones to bring money home in blow for smaller HK IPOs: sources
HONG KONG China has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge…
Big brokerage IPO requires faith in Chinese reform
China’s second-biggest brokerage is expected to raise $2 billion … Shares in recently listed peers Orient and Everbright, for example, trade below their IPO price and underperform the benchmark Hang Seng Index. On the other…
China business confidence index rises in Q1 – cbank survey
BEIJING, March 21 Business confidence among entrepreneurs in China improved in the first quarter of 2017 from the fourth quarter last year, according to a survey by the People’s Bank of China published on Tuesday.…
Airbnb embarks on China push with more staff, local name
“Chinese millennials, they are a huge market – nearly half a billion people, 400 million Chinese millennials and they represent 80 percent of our business here in China,” he said. “Our idea is to bring…
Asia firms’ confidence hits near 2-year high on US, China pick-up: Survey
A coal-burning power plant can be seen behind a factory in the city of Baotou, in China’s Inner Mongolia Autonomous Region.(Reuters) Business sentiment at Asia’s top companies rose to its highest in almost two years…
Struggling in China, Amway bets on technology for turnaround
Two decades after entering China, the country remains the biggest global market for the Michigan-based firm, representing about 30 percent of its $8.8 billion in total sales last year. But China revenue has contracted from…
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