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China Mobilei

China Mobile Ltd is a state-owned telecom providing mobile voice and multimedia services through a nationwide mobile network. It is listed in New York and Hong Kong.

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A deep pool of household savings will encourage more Chinese companies to tap the domestic market, a virtuous circle adding depths to Chinese capital markets while making the US less attractive.

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With only days to go before he steps down, the US president continues to hurt the interests of both Beijing and Washington, but the financial cloud may yet have a silver lining for Hong Kong.

  • Ericsson says it is ‘committed’ to mainland Chinese customers, after local media reported that the firm is pulling out
  • The company noted in its most recent financial report that uncertainties in the Sino-Swedish relationship is a major business risk

Users of digital wallets from China Mobile, China Telecom and China Unicom can now make payments by scanning WeChat QR codes, in Tencent’s latest effort to improve interoperability of tech services under Beijing’s directive.

Huawei says 5.5G can offer a tenfold increase in speed over existing networks, providing more efficient power consumption for consumer and industrial uses.

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Chinese tech giants are the main attraction at the three-day World Artificial Intelligence Conference in Shanghai, as US firms maintain their distance.

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The rotating chairwoman at Huawei told the audience at the MWC Shanghai trade show that 5G connections worldwide are expected to reach 5 billion by 2030, up from 1.5 billion connections this year.

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Chinese telecoms giant Huawei will supply over half of the base stations for China Mobile’s 5G network between 2023 and 2024, in a deal that will bring in more than US$570 million of much needed revenue.

The yuan-traded shares of 150 dual-listed companies commanded a 42 per cent premium over their Hong Kong-listed shares this month, versus a 10-year average of 26 per cent.

China Unicom, the country’s third-largest wireless network operator, expects to complete technical research and launch early ‘application scenarios’ for 6G mobile technology by 2025.

China Mobile’s market capitalisation is 2.1 trillion yuan (US$304.8 billion), second only to Kweichow Moutai’s 2.2 trillion yuan, as traders bet the mobile-network operator will benefit from Beijing’s plan to digitise the economy.

China’s three telecom operators, panned as value destroyers in stock markets, are no longer market laggards. Stock returns this year are among the best in the world. Here’s why.

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Joint venture Unity China, which is valued at US$1 billion, will initially build customised local versions of the US software firm’s core products for domestic video game developers.

China Mobile announced that it would stop providing service for Feixin by the end of September, ending a once-dominant SMS alternative that quickly lost ground to Tencent’s WeChat.

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While China’s 5G mobile network is already the world’s biggest, MIIT head Xiao Yaqing said the existing number of base stations ‘is not enough’.

The state-run telecoms giant says in a Canadian lawsuit that former executive Li Xiangdong is living in Vancouver with his wife, both having fled China in 2010.

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Stock climbed as much as 10.4 per cent in Shanghai trading as investors shrugged off valuation and blacklisting concerns. It ended the day at 57.88 yuan, or about 42.7 per cent more expensive than its own equity listed in Hong Kong.

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Many Chinese companies seeking secondary listings have priced their stocks at significant premium to their Hong Kong-listed shares, a pre-existing condition primarily due to the limited access by mainland investors.

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NetEase founder William Ding Lei says the company is readying the technologies needed to build the metaverse, as Tencent, Baidu and others also express interest in the buzzy new concept.

League follows Manchester United with ‘NBA DreamCourts Preview Centres’ with Chinese real estate firm Harves despite ongoing issues keeping games off screens.

China Mobile, China Telecom and China Unicom are expected to roll out their new 5G messaging service, with electronic payment function, this month.

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