News@ChinabyNumbers

China Mobile’s third quarter net profit rose by 26% year-on-year to US$4 billion, but failed to meet analyst expectations as the Olympic games slowed demand from business clients. Revenues rose by 14% to US$15.4 billion. The network operator added 7.25 million users in September, for a third-quarter total of 66.8 million and a total subscriber [...]

China’s new limits on mainlander visits to Macau have contributed to a drop in profits at the Wynn Macau, a major resort and casino. Preliminary results released by the company show a drop of at least 38.8% in the third quarter from the previous three months. Wynn Resorts estimated operating income at its Macau property [...]