China Mobile will buy a 20% stake in Shanghai Pudong Development bank for $5.83 billion.
China’s largest mobile carrier hopes the move will help it to expand into mobile financial services.
Under the terms of the deal, China Mobile subsidiary Guangdong Mobile will purchase 2.21 billion new shares in the bank for RMB18.03 ($2.64); the investment is [...]
Research in Motion (RIM), maker of the Blackberry smart-phone, agreed to partner with Digital China Holdings to sell Blackberries in China. RIM will use Digital China’s market knowledge to broaden its reach in the world’s largest mobile phone market.
RIM sought the deal to counter the entrance of the Apple iPhone into China via an [...]
Beijing-based AsiaInfo Holdings will acquire telecommunications-software competitor Linkage Technologies International Holdings in a cash-and-stock deal worth US$733 million.
AsiaInfo President Steve Zhang said that the acquisition is intended to help the firm sell more product into China Telecom, the country’s second-largest telecom provider.
AsiaInfo was originally focused on selling to China Mobile, while Linkage concentrated on [...]
China Unicom announced a three-year deal with Apple to sell the company’s iPhone handset in China.
Sales will start in the fourth quarter of 2009. China Unicom will not share a portion of its revenue with Apple and will purchase the phones wholesale from the US company. iPhones will be sold to consumers in China at [...]
Alcatel-Lucent said it has been selected, together with Datang Mobile, to deploy mobile networks for China Mobile in 11 Chinese provinces.
The group will launch China Mobile’s phase three mobile networks running on TD-SCDMA, China’s homegrown third generation mobile standard. In a public statement, Alcatel-Lucent said, “With this win, the consortium expands its market footprint and [...]
Ericsson Telephone signed contracts worth US$1.7 billion with China Mobile and China Unicom to provide second- and third-generation mobile communications equipment.
Mats Olsson, Ericsson’s president for Greater China, said the contracts were equal to the company’s total China sales for 2008. Under a framework agreement with China Mobile, Ericsson will supply some of the infrastructure as [...]
Toll road operator Sichuan Expressway will become the first firm to launch an IPO on the Shanghai bourse this year after a nine-month moratorium on Shanghai listings.
The Hong Kong-listed firm plans to float 500 million A-shares and raise US$204.9 million. Sichuan Expressway’s underwriter said that the firm had not yet received approval to begin IPO [...]
Taiwan Premier Liu Chao-shiuan said the island is “in no hurry” to allow mainland Chinese investments.
“This is a very sensitive topic in Taiwan that has polarized people here… [If] we open up too much too soon, it will become a political problem and the pace of liberalization will end up being even slower,” he told [...]
China Mobile Chairman Wang Jianzhou said the firm hopes to take advantage of an easing regulatory environment on the mainland and seek a domestic listing “as soon as possible”.
Wang’s comments follow statements made last week by the UK Chancellor of the Exchequer Alistair Darling that the Chinese government would open its bourses to foreign [...]
Motorola announced that it has signed a one-year US$310 million deal with China Mobile to provide telecommunications products and services.
China Mobile will use Motorola’s products to develop infrastructure for existing second-generation (2G) networks using GSM, GPRS and EDGE technologies. Additional equipment and services are intended to smooth the transition between 2G and 3G networks. [...]
