Topic

China Unicomi

China Unicom is a state-owned telecommunications operator in China and the third-largest mobile provider in the country by subscriber base. Together with China Telecom and China Mobile, the company helped roll out the country's 5G network, and it is involved in the development of 6G for launch by 2025. Outside China, the company has opened more than 30 branches, but it was banned from operating in the US in 2022 over national security and spying concerns.

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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.

  • The list of constituents in the blue chip Hang Seng Index remains unchanged at 82 in the latest quarterly review
  • China Unicom and Midea Group are added to the Hang Seng Stock Connect China Enterprises Index while Zhongsheng Group and Tongwei are removed

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.

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

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

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 island province of Hainan wants to become an international data hub, according to a proposal presented by local officials at China’s annual top political meetings this week.

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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Pacific Networks Corp, its subsidiary ComNet (USA) and China Unicom (Americas) were put on the ‘Covered List’ by the FCC, joining companies like Huawei, ZTE and Hikvision.

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StreamLake is the first enterprise-facing product from Kuaishou, which hopes to break even this year after facing mounting regulatory pressure and a plummeting stock price.

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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’.

Advances in 5G mobile communications, China’s digital currency and cloud infrastructure services help anchor Beijing’s latest Olympic hosting duties.

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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.

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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The world’s largest wireless network operator, which listed in Hong Kong in 1997, is returning home to list in Shanghai after it was banished from the New York Stock Exchange in May under the orders of Donald Trump.

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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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An executive order by former US president Donald Trump banning trading in China securities has dented the volume of index options in Hong Kong.

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Hong Kong stocks rose for a third day, lifting the Hang Seng Index to a four-week high. Meituan advanced after an almost US$10 billion fundraising plan, while Alibaba came under pressure as its metal-trading venture is investigated.

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Look into the companies’ technologies and services, not links to Beijing, experts tell members of the US-China Economic and Security Review Commission.

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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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