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China Telecomi

China Telecom is the largest fixed line service and third largest mobile telecommunication provider in China. It is listed in Hong Kong and New York, but is controlled by the Chinese government.

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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.

  • Users of digital wallets from China Mobile, China Telecom and China Unicom can now make payments by scanning WeChat QR codes
  • Since 2021, Beijing has been calling on the country’s Big Tech firms to dismantle the digital barriers around their ecosystems

The International Data Economy Industrial Park aims to attract more than 100 leading data companies with a combined output of over 100 billion yuan by 2025.

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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Investment comes as development of AI technology, especially evident in the recent frenzy around ChatGPT-like services, is fuelling demand for computational power.

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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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’.

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.

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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Cracks in China Telecom’s onshore stock, so soon after its trading debut on Friday, spell gloom for investors thinking about buying the next big one from rival China Mobile.

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The world’s largest wireless network operator posted a net profit of US$9.1 billion in the six months through June, up 6 per cent from a year ago.

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Other investors include mostly units of large state-backed companies, such as the nation’s dominant power distributor State Grid Corporation of China.

Huawei and ZTE are helping companies increase energy efficiency and are supporting renewable energy projects with their information and communications technology.

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Commerce Department subpoenas ‘multiple’ Chinese information tech companies, while the FCC agrees that two Chinese carriers have not proved their independence from Beijing.

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