China Mobile may buy phone companies in emerging markets once the reorganization of China’s telecom sector finishes in June, Bloomberg reported. China Mobile Chairman Wang Jianzhou said the company would be "rational" and not "aggressive" in its overseas acquisition strategy. The valuations of emerging-market operators have dropped sharply this year – the MSCI Emerging Markets […]
Category: Tech, Media & Telecom
Microsoft Corp on Thursday said it will invest over US$1 billion on research and development in China over the next three years, signaling that the firm will not shift its focus from China during the economic downturn, AFP reported. The chairman of Microsoft China’s research and development group, Zhang Yaqin, told reporters in Beijing that, […]
China on Thursday agreed to repeal regulations requiring foreign financial news services to disclose confidential information to a state-owned competitor, thus resolving a dispute brought against China at the World Trade Organization last year by the US, EU and Canada, the Wall Street Journal reported. Under the current laws, financial news services are not allowed […]
China’s largest online internet portal Sina Corp said it expects revenue in the fourth quarter to grow by more than 52%, year on year, to US$98-101 million despite the economic slowdown, the South China Morning Post reported. The Beijing-based company’s third quarter revenues rose 68% to US$105.4 million due to strong performance during the Olympics. […]
Business-to-business e-commerce portal Alibaba.com saw its third quarter net profits rise by 49% to US$45.2 million and is continuing expansion plans despite the current economic crisis, the South China Morning Post reported. The firm’s revenues for the quarter rose by 37% to US$114.4 million. The firm’s chief executive, David Wei, said the company is looking […]