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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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…
China Fights Toilet Paper Theft With Facial-Recognition Technology
BEIJING — A busy public restroom in China has begun deploying high-tech facial recognition technology to wipe out the problem of toilet paper theft. At Temple of Heaven, a popular tourist attraction in Beijing, users…
5 reasons why China will rule tech, 2017 edition
China’s push to take over global technology leadership is relentless. It wants to lead in computing, semiconductors, research and development, and clean energy. It is accelerating science investment as the U.S. retreats. China may be…
China Unicom Net Profit Down 94.1%
China Unicom’s operating revenue was CNY274.2 billion in 2016, a year-on-year decrease of 1%; and its net profit was CNY630 million, a year-on-year decrease of 94.1%. China Unicom’s mobile business services realized revenue of CNY145.02…
China Mobile (HKG:0941) Heffx Trading Outlook
Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected upper bound is: 93.08. The projected lower bound is: 87.86. The projected closing price is: 90.47.…
Technology: China reboots its superpower ambitions
Tim Byrnes is an unlikely symbol of China’s bid to become the world’s high-tech superpower. For a start he is Australian. Yet the 39-year-old quantum physicist’s decision to swap a research post in New York…
China Defends Plan to Bolster Its High-Tech Industries
China’s minister of industry and information technology, Miao Wei, said the new policy was not meant to wall off the country’s companies from outside competition. Yet he also conceded, without offering specifics, that the plan…
10 Reasons to Buy China Mobile Ltd. and Never Sell
China Mobile (NYSE:CHL) is the biggest telecom company in the world and one of the three most valuable companies in Asia, but its stock is often overlooked by U.S. investors. The telco doesn’t offer spectacular…
