GUANGZHOU — Chinese internet service giant Tencent Holdings now has more than 800 million people using its mobile payment services, having rapidly expanded by tapping the vast user base of its WeChat messaging app. All…
Tagged By unicom
China Mobile : service revenue growth hits five-year high
China Mobile, the world’s largest wireless provider by subscribers, booked operating revenue of CNY708.421 billion (USD102.872 billion) for the year to 31 December 2016, equating to a 6.0% increase year-on-year, whilst annual service revenue growth…
China Unicom’s Net Profit Decreased by 94.1%
China Unicom, a state-owned telecommunications operator, had an operating revenue of 274.2 billion yuan in 2016, a 1 percent year-on-year decrease. The company’s net profit for the same year was 630 million yuan, a 94.1…
China Bets on Sensitive U.S. Start-Ups, Worrying the Pentagon
They can also get an inside glimpse of how technology is being developed and could have access to a start-up’s offices or computers. Trump administration officials and lawmakers are raising broad questions about China’s economic…
China Mobile : 2016 Annual Results Presentation
The Company defines EBITDA as profit for the year before taxation, share of profit of investments accounted for using the equity method, finance costs, interest income, other gains, depreciation, amortization of other intangible assets and…
China Mobile 2016 Net Profit CNY108.7 Billion
China Mobile Ltd.’s (>> China Mobile Ltd.) 2016 net profit rose 0.2% from a year earlier, as strong demand for faster wireless services was offset by intensifying competition that weighed on profitability. China Mobile, the…
China Mobile Ltd.: 2016 Annual Results Presentation
The Company defines EBITDA as profit for the year before taxation, share of profit of investments accounted for using the equity method, finance costs, interest income, other gains, depreciation, amortization of other intangible assets and…
What Happened to China Mobile on March 20?
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…
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…
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…
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…
