China Mobile (CHL.NYSE, 0941.HKG), the world’s largest mobile carrier by users, plans to launch fourth-generation (4G) wireless service in Hong Kong this month in a bid to compete with rivals including Telstra (TLS. ASX) and PCCW (0008.HKG), Bloomberg reported. The operator will offer more than one 4G phone on its April 25th debut and ten […]
Category: Tech, Media & Telecom
People.cn Co (603000.SH), the online business of the Chinese Communist Party’s official newspaper, raised RMB1.4 billion (US$222 million) in an initial public offering in Shanghai, nearly three times the amount it sought, Bloomberg reported. The People’s Daily website operator sold 69.1 million shares at RMB20 each, valuing the company at RMB5.5 billion or 46 times […]
People.cn Company, the online platform of China’s state-controlled People’s Daily newspaper, said it aims to raise RMB1.6 billion (US$246 million) in its upcoming IPO for a Shanghai Stock Exchange listing, almost triple its original forecast, The Wall Street Journal reported. The firm said in a statement released Tuesday that it would set a price range […]
Apple Inc (AAPL.NASDAQ) has agreed to let outside auditors review environmental conditions at its China-based suppliers, just one month after the Fair Labor Association investigated working conditions at the factories, the Financial Times reported. The audit will be jointly monitored by Apple and the China-based Institute of Public and Environmental Affairs, an NGO that has […]
A brief internet blackout rendered a number of Chinese and foreign websites inaccessible for around two hours on Thursday, as officials warned against internet users spreading online rumors, The Wall Street Journal reported. The cause of the blackout was unclear, though netizens ventured that Wednesday’s 8.6-magnitude earthquake near Indonesia or internet system adjustments were at […]