BEIJING (Reuters) – China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life’s listed arm said on Thursday.…
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China’s cabinet expects information technology market to reach 6 trillion yuan by 2020
BEIJING (Reuters) – China’s State Council on Thursday issued a guideline for the development of the country’s information technology (IT) industry. The State Council expects China’s IT industry to reach 6 trillion yuan ($901 billion)…
China stocks fall the most in 2 weeks, China Unicom tumbles
SHANGHAI, Aug 24 (Reuters) – China stocks fell the most in nearly two weeks on Thursday, as China Unicom tumbled after rallying earlier in the week as excitement over state enterprise reforms cooled. Investors were…
China stocks flat as China Unicom slumps; Hong Kong follows Asian markets up
SHANGHAI, Aug 24 (Reuters) – China share indexes barely moved on Thursday morning, as profit-taking in China Unicom Network Communications Ltd cooled excitement about state enterprise reforms, though raw material stocks rebounded, aided by a…
China Telecom posts 7.4pc rise in first-half profit on higher mobile service revenue
China Telecom, the world’s ninth largest mobile network operator by subscribers, reported a 7.4 per cent year-on-year increase in interim net profit on the back of higher service revenue growth. The operator, which also runs…
Lumentum et al Jump on China Mobile Optical Tender
Shares of Lumentum Holdings (LITE) and fellow fiber-optic component suppliers are jumping in afternoon trading following a note from Rosenblatt Securities’s Jun Zhang wrote positively about what is apparently the largest order ever placed by…
China’s Fosun invests in local version of bitcoin tech blockchain
It is looking at applying the technology across its businesses, which are as varied as financial services and pharmaceuticals, Da said. Fosun is China’s largest private conglomerate and one of its most active investors. It…
China Unicom sees windfall from parent’s mixed-ownership reform deal
China Unicom, the country’s second-largest mobile network operator, is poised to receive a huge windfall worth HK$88 billion (US$11.25 billion) from the mainland government’s first test case under its ambitious mixed-ownership reform scheme for state…
China Unicom gets funding and stake boost from parent in ‘mixed ownership reform’
Hong Kong-listed China Unicom, whose parent China United Network Communications Group last week announced to sell a 35.2 per cent stake to 14 big companies to raise 78 billion yuan (US$11.6 billion), says the parent…
China Mobile offers new data packages
China Mobile will offer more data and favorable price packages to 20 million users in Shanghai from Friday as it aims to compete with its two rival state-owned carriers. China Mobile’s users in Shanghai will…
China relaunches world’s fastest train
China’s fleet of high-speed trains is set once again to become the world’s fastest. The top speed of the Fuxing or “rejuvenation” bullet trains was capped at 300km/h (186mph) in 2011 following two crashes that…
China regulator says Unicom’s reform plan does not violate rules; shares surge
HONG KONG (Reuters) – China Unicom’s $11.7 billion ownership reform plan does not violate rules, the nation’s securities regulator said, helping shares in the telecom group’s units surge as they resumed trade on Monday after…
China Unicom, energy firms boost Hong Kong shares
SHANGHAI, Aug 21 (Reuters) – Hong Kong shares finished higher on Monday, supported by strong performance in energy and telecoms firms after China Unicom’s ownership reform plan was given the green light by China’s securities…
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