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Tag | investment

China Telecom Will Launch Mobile Services In UK

11 January 2012

China Telecom is reportedly inking a deal with Britain's Everything Everywhere to launch mobile services in the country. Everything Everywhere is a UK mobile operator jointly invested by France's Orange and Germany's T-Mobile. According to the agreement, China Telecom (Europe), China Telecom's wholly-owned subsidiary for the EMEA region, will launch an MVNO on the network [...]

Pakistan Gains China Mobile Investment In Coming Years

04 January 2012

Chinese telecom operator China Mobile plans to invest USD1.5 billion in CMPak, its wholly-owned subsidiary in Pakistan, over the next four years. Fan Yunjun, chief executive officer of CMPak, revealed the news over a talk with Pakistani Prime Minister Yusuf Raza Gilani. Fan said that China Mobile hopes to enlarge its 3G market share in [...]

Huawei Will Invest USD150 Million In India In 2012

03 January 2012

Chinese telecom equipment maker Huawei has announced plans to invest up to USD150 million in India in 2012 to promote its business growth. Sures Vaidyanathan, Huawei's spokesperson in India, told local media that Huawei is committed to the long-term development in India, and it will accelerate the development of enterprise business, terminal business, 2G capacity [...]

Cloudary Invests In Chinese Mobile Reading Platform

17 November 2011

Cloudary Corporation, the wholly-owned Internet literature subsidiary of Shanda Interactive Entertainment Limited, has announced a strategic investment in Byread.com, a Chinese mobile reading platform, and the two parties will implement cooperation in providing copyrighted contents in China. According to official statistics from Cloudary, at present Cloudary has put over 10,000 books on the client of [...]

Ericsson Will Launch New Global Network Operating Center In China

06 September 2011

Swedish networking equipment maker Telefon AB L.M. Ericsson has announced that to meet the increasing demands for telecom management services in China and the world, the company will set up a new global network operating center in China. The company said that the new global network operating center aims to enhance its managed service delivery [...]

Ganji.com Promotes Mobile Social Network In China

26 July 2011

Chinese classified information website Ganji.com has updated its mobile client from the 1.0 version to 2.0, aiming to provide users with a better mobile Internet experience. Yang Haoyong, chief executive officer of Ganji.com, said that the company has invested a lot since the founding of its mobile Internet business department in September 2010. However, they [...]

Baidu, NTT DoCoMo Create JV In Japan

11 July 2011

Chinese Internet search engine company Baidu Inc. and Japanese communications giant NTT DoCoMo have established a joint venture in Japan. According to reports in Chinese Internet media, NTT DoCoMo will buy two batches of newly issued shares of the joint venture this year, totaling USD22.5 million. Baidu and NTT DoCoMo will finally own a 80% [...]

ZTE, Axiata Sign Cooperation Agreement

30 June 2011

Chinese telecom equipment maker ZTE has announced that it has signed a five-year global strategic cooperation framework agreement with the leading Asian operator Axiata. This agreement reportedly served as a procurement platform agreement, under which ZTE will supply communications products to Axiata and its subsidiary Opcos. The five-year global strategic cooperation framework agreement aims to [...]

Slow Growth In China For KongZhong's Internet Games And Mobile Services

25 May 2011

Chinese wireless value-added services and digital entertainment company KongZhong Corporation announced its unaudited first quarter 2011 financial results. Total revenues for the first quarter of 2011 increased 11% quarter-over-quarter to USD40.1 million. Net loss in for the quarter however was USD0.46 million, including a change in the fair value of the Dacheng contingent consideration of [...]

China Mobile To Invest CNY10 Billion For Wi-Fi In 2011

24 May 2011

Wang Jianzhou, chairman of China Mobile, revealed that the company will continue to develop the Chinese Wi-Fi market and plans to invest CNY10 billion in this sector in 2011. While attending a general meeting held in Hong Kong, Wang said that China Mobile is actively developing its Wi-Fi business and about 30% of its overall [...]

Sina.com Fails To Keep Internet Profit Growing In China

12 May 2011

Chinese online and wireless media company Sina Corporation says its profit fell on higher costs as it announced its unaudited financial results for the first quarter ended March 31, 2011. For the first quarter of 2011, Sina reported net revenues of USD100.2 million, compared to USD85.0 million for the same period last year. Of that [...]

China Mobile To Invest CNY16 Billion To Build Wireless City

21 April 2011

Chinese telecom operator China Mobile has signed an agreement with the municipal government of Xi'an, Shaanxi, to invest CNY16 billion for the construction of a wireless city infrastructure. Under the agreement, the two parties will jointly promote the building of Xi'an as a wireless city. They will implement cooperation in various sectors, including the building [...]

Chinese Phone Dealer Forges Deal With Opera Browser

16 March 2011

Norwegian mobile Internet browser provider Opera Software ASA has announced plans to set up a joint venture with the Chinese mobile phone dealer Telling Telecom Development Company, aiming to develop a customized mobile browser platform for the Chinese market. The new joint venture will have registered capital of CNY135 million, of which Telling Telecom will [...]

China's Huawei Gains USD100 Million Contract From 2degrees

11 March 2011

Chinese telecom equipment maker Huawei Technologies has announced that it has signed a USD100 million contract with the New Zealand-based mobile network 2degrees to help the company upgrade its network over the next two years. Eric Hertz, chief executive officer of 2degrees, said that the investment will ensure the company's network is ready to handle [...]

Ericsson Begins TV Roadshows In 12 Chinese Cities

10 March 2011

Ericsson's roadshow for its integrated TV solutions has been officially started in Shanghai and this activity will cover 12 cities in China, showcasing the company's latest technologies and solutions for integrated TV. According to the plan, the series of roadshows will be held in 12 Chinese cities from March to May 2011, covering Shanghai, Nanjing, [...]

Sichuan Earmarks CNY5 Billion To Build 3G Base Stations In 2011

09 March 2011

The Sichuan provincial government has officially issued its wireless city working plan for 2011, stating that the province will invest CNY5 billion this year to build 9,600 3G network base stations. The 2011 working plan includes the goals, key tasks, and safeguard measures for the wireless city construction across Sichuan province. For network construction, Sichuan [...]

China's Lenovo Set Up New Business Group For Mobile Internet

27 January 2011

Chinese PC giant Lenovo has announced that it has established a new business group, focusing on the mobile Internet and family-oriented digital businesses. The new business group will reportedly be responsible for the research and development of mobile Internet terminals, including tablet computers, smartphones, and products involving cloud computing, smart television, and digital family technologies. [...]

The9 Tries Mobile Internet Investing To Revitalize Its China Business

22 December 2010

Months after reporting sliding revenues and losing valuable relationships, Chinese online game company The9 is trying to rejuvenate itself via a deal to invest in mobile startups. The9 has reportedly entered into a non-binding memorandum of understanding with Chengwei Ventures, ChinaRock Capital Management and China Renaissance K2 Ventures to form a USD100 million investment fund [...]

Ku6 Media Posts Results From Its China Internet Business

15 November 2010

China-based Ku6 Media Company Ltd., which previously flew its technology media brand under the name Hurray Holding, announced that its net loss narrowed as it presented unaudited financial results for the third quarter ended September 30, 2010. Total revenues from the company's continuing operations, representing advertising revenues contributed by online video portal and online radio [...]

Huawei Makes Investment In Canada

10 November 2010

Chinese technology and telecommunications firm Huawei will invest USD67 million in a new research and development center in Canada. "Huawei's investment is great news for the city of Ottawa and the people of Ontario. It's an endorsement of Ontario's high-skilled workers and innovative researchers, and demonstrates the importance of our continued efforts to work together [...]

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