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Nokia Siemens May Axe 4,000 Employees In China

ChinaWirelessNews.com Editor — Mon, 28 Nov 2011 06:06:14 +0000

Nokia Siemens Networks has announced plans to cut 17,000 employees around the world by the end of 2013, including about 4,000 mainland Chinese employees. This is reportedly the largest layoff in the history of Nokia Siemens. According to the company, it had about 74,000 employees worldwide by November 1, 2011, which means one out of [...]

Huawei Sales Up 19% In 2009

ChinaWirelessNews.com Editor — Thu, 01 Apr 2010 23:12:47 +0000

Chinese telecom equipment maker Huawei Technologies has published its annual financial report for 2009, stating that its sales worldwide increased by 19% year-on-year to CNY149.1 billion. The report shows that in 2009 Huawei realized net profit of CNY18.3 billion, its net profit rate was 12.2%, and its operating profit rate was 14.1%. Promoted by the 3G network [...]

China's Mobile Phone Export Down 17.2% In First Two Months Of 2009

ChinaWirelessNews.com Editor — Thu, 09 Apr 2009 21:04:14 +0000

According to the statistics from China's Ministry of Industry and Information Technology, China's mobile phone output decreased by 11.2% year-on-year in the first two months of 2009 and its mobile phone exports decreased by 17.2% during the same period, the largest decline over the past few years. The statistics from MIIT show that in January and [...]

HTC Net Profit Down 30% In Q1 2009

ChinaWirelessNews.com Editor — Wed, 08 Apr 2009 21:00:03 +0000

Affected by the global financial crisis and the delayed launch of its new mobile phone products, the Taiwan-based smartphone maker HTC states that its net profit decreased by 30% year-on-year to USD146.7 million in the first quarter of 2009. HTC's financial report shows by March 31, 2009, its net profit decreased from NTD6.94 billion in the [...]

MIIT: Chinese Mobile Phone Output Down 11.2% In First Two Months Of 2009

ChinaWirelessNews.com Editor — Thu, 26 Mar 2009 21:55:28 +0000

China's Ministry of Industry and Information Technology has published a report on China's electronics manufacturing industry in the first two months of 2009, which states that the country's mobile phone output decreased by 11.2% during the period. The MIIT says affected by the global financial crisis, both the manufacturing and export of China's electronics products have [...]

European Tour Adds To Huawei's Gains

ChinaWirelessNews.com Editor — Mon, 23 Mar 2009 08:58:52 +0000

Germany's Infineon Technologies AG has signed a letter of intent for a framework purchase agreement amounting to USD68 million with China's Huawei Technologies. This deal, as an important part of the recent European procurement tour of the Chinese business delegation, is intended to supply end-to-end chip solutions to Huawei's wireline and wireless communication systems. Infineon will [...]

China Mobile Eyes Roaming Service In Taiwan

ChinaWirelessNews.com Editor — Sun, 15 Mar 2009 22:51:03 +0000

Chairman of China Mobile Wang Jianzhou says that the company is negotiating with three major Taiwanese telecommunications operators to launch a roaming service. Wang told local media that China Mobile is currently discussing with Chunghwa Telecom, Taiwan Mobile, and Far Eastone Telecommunications on future cooperative agreements. He said while attending the current CPPCC meeting last week [...]

Chinese Wireless Services Firm Issues Profit Warning

ChinaWirelessNews.com Editor — Sun, 08 Mar 2009 23:40:55 +0000

The global financial crisis is finding new corpses in China as interactive mobile services firm Jingwei International Limited issued a profit warning for the fourth quarter of 2008. The company says that due to rapid deterioration in economic condition at the end of 2008, Jingwei's consolidated net profit for the quarter ended December 31, 2008, is [...]

China's Mobile Aspirations Disappoint As KongZhong Posts Annual Results, Gains Nokia Investment

ChinaWirelessNews.com Editor — Wed, 18 Feb 2009 23:22:58 +0000

Chinese wireless value-added service firm KongZhong Corporation reported its unaudited fourth quarter 2008 financial results and showed a negligible quarterly profit and overall net loss for 2008. While the company gleefully proclaimed that quarterly revenues exceeded guidance, with total revenues for the fourth quarter of 2008 increasing 34% year-over-year and 7% quarter-over-quarter to USD26.74 million, net [...]

Nortel's Streaming Mobile Video Demonstrated In China

ChinaWirelessNews.com Editor — Mon, 16 Feb 2009 20:00:16 +0000

Even though it already declared bankruptcy in Canada, Nortel is still working hard on expanding its business within China, and the company just unveiled details of its LTE TDD 4G tests. Nortel has successfully completed the first end-to-end video streaming session using a TDD-based LTE network, working with commercial grade LTE base station and device prototypes [...]

Motorola China Continues Cutting Jobs

ChinaWirelessNews.com Editor — Thu, 12 Feb 2009 16:01:27 +0000

The global financial crisis has reared its head at Motorola, and the company has cut about 1000 staff in China in the last couple of months. A public relations representative from Motorola China has confirmed the staff reduction to local media. People affected are all from the mobile phone department. There were reportedly 450 staff within [...]

Ericsson Will Recruit Hundreds Of New Chinese Employees To Support 3G Construction

ChinaWirelessNews.com Editor — Thu, 05 Feb 2009 16:01:50 +0000

While some companies around the world are responding to the financial crisis with job cuts, the newly issued 3G licenses in China have caused Ericsson to plan a hiring spree of several hundred new employees in China in 2009. Chinese media previously reported that Ericsson China would cut 150 staff in March 2009, accounting for 5% [...]

Trouble At KongZhong? CFO Departs Chinese Wireless Firm

ChinaWirelessNews.com Editor — Thu, 29 Jan 2009 00:19:21 +0000

Beleaguered Chinese wireless value-added services firm KongZhong (KONG) has announced that Sam Sun, its chief financial officer, is leaving the company by the end of the week. While it's never a good corporate omen for a CFO to flee so quickly from a company, while Sun will officially depart on February 1, 2009, he will stay [...]

Huawei Sales Up 46% In 2008

ChinaWirelessNews.com Editor — Thu, 08 Jan 2009 16:02:19 +0000

Chinese telecommunications equipment maker Huawei Technologies increased its sales by 46% year-on-year to USD23.3 billion in 2008.

Sun Yafang, president of Huawei, said in an email to employees that the current global economic situation is still very complicated and Huawei will seize opportunities and face more challenges in 2009. The company ... Read More>>

Focus Media Bids Farewell To Wireless Advertising

ChinaWirelessNews.com Editor — Tue, 09 Dec 2008 21:49:31 +0000

China's Focus Media (FMCN), China's largest digital media group, today provided an update on the expected charges resulting from the restructuring of its CGEN in-store advertising network and announced the termination of its remaining wireless advertising business.

Focus Media said it will terminate its remaining wireless advertising and interactive marketing business ... Read More>>

Huawei Predicts USD4 Billion Handset Revenue In 2008

ChinaWirelessNews.com Editor — Wed, 26 Nov 2008 16:02:49 +0000

According to Guo Ping, executive vice president of Huawei, the company's revenue from its mobile phone business is expected to increase 74% year-on-year to USD4 billion and the annual growth rate of its terminal business will top 30% in the next five years, because of the increased demands in emerging ... Read More>>

Investments In China's Telecom Industry Will Top CNY300 Billion In 2009

ChinaWirelessNews.com Editor — Tue, 18 Nov 2008 19:00:35 +0000

There is a financial crisis afoot, Chinese mobile value-added services firms are struggling, but at least one analyst believes that companies will continue to reap big profits.

Wang Guoping, an analyst from China Galaxy Securities, said while being interviewed by Cctime.com that as the release time of China's 3G license is ... Read More>>

General Manager For Motorola China Mobile Business Resigns

ChinaWirelessNews.com Editor — Sun, 02 Nov 2008 16:02:08 +0000

Ren Weiguang, vice president and general manager of Motorola's (MOT) mobile business in China, resigned on October 31, 2008.

Ren published the news through an internal email on Thursday, October 30. Gao Ruibin, president of Motorola China, will serve as general manager in the interim, reports local media.

Ren worked in Motorola's ... Read More>>

Global Finanical Woes Impact PCCW

ChinaWirelessNews.com Editor — Thu, 16 Oct 2008 20:22:40 +0000

Global financial woes have hit Hong Kong's PCCW as it announced it is discontinuing the bidding process for the acquisition of up to a 45% interest in HKT Group Holdings Limited.

PCCW received formal proposals from several bidders for the acquisition of the minority stake of HKTGH, but the ... Read More>>