China Unicom (0762.HKG) saw first-half net profit jump 26% from a year earlier, Reuters reported. China Unicom, the second-largest wireless carrier after China Mobile (0941.HKG), has benefited from favorable regulatory policies as China’s government has continued to reform state-controlled companies by promoting competition. China has reduced the interconnection fees that smaller carriers pay to connect to China […]
Category: Tech, Media & Telecom
New rules issued by the Chinese government will allow only registered media outlets to disseminate political information via instant messaging platforms, Bloomberg reported, citing Xinhua. Shares of Tencent (0700.HKG), the maker of WeChat, declined 3.5% on Thursday, the biggest loss in three months. “The Chinese government is ratcheting up its censorship of the internet,” said […]
International Business Machine Corp.’s (IBM.NYSE) app collaboration with Apple (AAPL.NASDAQ) suffered a setback after the Chinese government removed Apple from the list of companies whose products could be bought with public money due to security concerns, Bloomberg reported. China represents an increasingly important market for IBM’s handheld devices, especially after announcing a partnership with Apple […]
China’s procurement agency has removed antivirus software from Kaspersky Lab and Symantec Corp (SYMC.NASDAQ) from its list of approved software due to security concerns, Bloomberg reported, citing anonymous sources. The exclusion follows a June notice from the Public Security Ministry that Symantec software contained security loopholes that could allow outside access, sources said. The exclusion […]
Alibaba Group is in talks with investors to contribute funding to Snapchat, a US-based loss-making disappearing photo messaging service, The Guardian reported, citing Bloomberg. The deal is an interesting sign of Alibaba’s US ambitions, said Matt Turlip, senior analyst at PrivCo. The Chinese firm has made some smaller investments in the US already but Snapchat […]