|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||0.000 - 0.000|
|PE ratio (TTM)||10.37|
|Earnings date||8 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||3.21 (4.56%)|
|1y target est||92.25|
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years. Xiaomi, which also makes internet-connected devices, plans to sell about 2.18 billion shares including about 65 percent primary shares in its initial public offering (IPO) at a price range of HK$17 to HK$22 ($2.17 to $2.80) each, said two of the people. The Beijing-based, Cayman-domiciled company plans to bring in eight cornerstone investors including U.S. chipmaker Qualcomm Inc, Chinese express delivery company S.F. Holding Co Ltd, domestic telecom service provider China Mobile Ltd and state-run conglomerate China Merchants Group Ltd, according to the people.
Xiaomi Corp. is said to have set tentative terms for a Hong Kong IPO of up to $6.1 billion, as Qualcomm and China Mobile show an interest in investing in the offering. Bloomberg's Edward Chan reports on ...
Baidu (BIDU) enters into a partnership with China Mobile to use AI technologies for the development of telecommunication industry.
The "2018 China Mobile Games Report" report has been added to ResearchAndMarkets.com's offering. China will enjoy strong growth in digital gamers and games revenue in the next 5 years, to reach $42 billion USD in domestic revenue by 2022 (with well over half coming from mobile games). With nearly 600 million gamers (more than 2x the population of the US), China is by far the world's largest mobile games market and makes up more than 25% of global mobile games revenue.
June 6 (Reuters) - SinoDaan Co Ltd: * SAYS IT WINS CHINA MOBILE'S BIDS FOR A COMBINED 809.2 MILLION YUAN ($126.58 million) Source text in Chinese: https://bit.ly/2JbdOXQ Further company coverage: ($1 = ...
Dublin, May 28, 2018 (GLOBE NEWSWIRE) -- The "China Mobile Wallet and Payment Market Opportunities (Databook Series) - Market Size and Forecast (2016-2025) by Mobile Commerce, P2P transfer, Bill Payment, Retail Spend, Consumer Attitude & Behaviour, and Market Risk" report has been added to ResearchAndMarkets.com's offering. This report provides a data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. ...
May 17 (Reuters) - China Mobile Ltd: * FRANK WONG KWONG SHING RESIGNED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR * YANG QIANG APPOINTED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR Source text for Eikon: Further ...
May 15 (Reuters) - China Mobile Ltd: * SHA YUEJIA WILL RESIGN FROM HIS POSITIONS AS AN EXECUTIVE DIRECTOR AND A VICE PRESIDENT Source text for Eikon: Further company coverage:
China Tower, the world's biggest operator of mobile phone towers, has applied to list its shares in Hong Kong in what could become the city's second $10 billion offering this year. The company, formed in 2014 from the towers operations of China's three state-backed telecoms providers, filed its application for an initial public offering (IPO) on Monday.
May 14 (Reuters) - China Tower Corporation Ltd: * CHINA TOWER FILES IPO PROSPECTUS * NAMES GOLDMAN SACHS AND CICC AS JOINT SPONSORS TO IPO * FY 2017 OPERATING REVENUE RMB68,665 MILLION * 2017 PROFIT FOR ...
May 2 (Reuters) - Runjian Communication Co Ltd: * SAYS IT WINS CHINA MOBILE'S CONTRACT FOR ABOUT 136.4 MILLION YUAN ($21.45 million) Source text in Chinese: https://bit.ly/2rg2DkX Further company coverage: ...
Nokia (NOK) recently won a contract for a big piece of China Mobile’s (CHL) optical network project. Although the project is initially focused on addressing the growing demand for 4G (fourth-generation) services, it’s also seen as part of laying the groundwork for future 5G (fifth-generation) services. “The network will also support the next-generation of network services, especially 5G,” Nokia said in a statement.
China Mobile, the largest of the three Chinese wireless carriers, published its Q1 2018 results on Friday, April 20, reporting modest growth in its earnings, driven by slightly higher operating margins and an expanding subscriber base. China Mobile’s revenues grew by roughly 0.8% year-over-year to RMB 185.5 billion ($29.5 billion) under a new accounting standard (revenue would have risen 2.9% on a like-for-like comparison), driven by the company’s telecommunications services operations, which helped to more than offset declines in the company’s equipment sales. China Mobile added a total of 11.23 million wireline broadband customers over the first quarter, up from around 8 million net additions in the year-ago period, driven by its move to increase access speeds and enrich content offerings for the residential market.
HONG KONG, April 20 (Reuters) - China Mobile Ltd, the world's largest telecom carrier, on Friday said profit for the first three months of the year rose 4.1 percent, driven by its strong mobile business. ...
April 20 (Reuters) - China Mobile Ltd: * Q1 OPERATING REVENUE WAS RMB185.5 BILLION, UP BY 0.8% * Q1 Profit Attributable Of RMB25.8 Bln, UP BY 4.1% * AS AT 31 MARCH 2018, TOTAL NUMBER OF MOBILE CUSTOMERS ...
Nokia (NOK) will help in the transition of global enterprises like China Mobile into smart virtual networks by creating a single network for all services.
April 9 (Reuters) - Nokia Oyj: * NOKIA : NOKIA, RANKED #1 IN CHINA MOBILE CENTRAL BID, WILL PROVIDE TRANSPORT NETWORK TO SUPPORT DATA CENTER INTERCONNECT AND FUTURE 5G SERVICES Source text for Eikon: Further ...
Nokia today announced that China Mobile ranked it #1 in a central bid to supply equipment for its regional optical transport network, with deployment of the new network having already started. China Mobile is improving support for its customers with very high-speed and ultra-low latency services, made possible by the new optical backbone.
April 3 (Reuters) - China Mobile Ltd: * CHINA MOBILE COMMUNICATIONS GROUP OBTAINED OPERATING PERMIT FOR LTE/4G DIGITAL CELLULAR MOBILE SERVICE (LTE FDD) Source text for Eikon: Further company coverage:...
April 3 (Reuters) - Guangzhou Haige Communications Group Incorporated Co: * SAYS ITS UNIT WINS BID WORTH AROUND 742.6 MILLION YUAN ($118.11 million) FOR CHINA MOBILE PROJECT Source text in Chinese: https://bit.ly/2EfB0gf ...
China Mobile, the world's biggest mobile phone operator by subscribers, warned on Thursday of revenue pressure as it plans to cut prices by more than 30 percent this year in response to a government initiative. China's central government in February asked state-owned telecom operators to continue to "raise speed and drop price" as it seeks to deepen the sectors' reform. China Mobile chairman Shang Bing told a media briefing in Hong Kong it expected average revenue per user (ARPU) in 2018 to drop due to the planned price cut, but said the group aimed to grow its profit by improving efficiency and service offerings.
Jun.20 -- Xiaomi Corp. is said to have set tentative terms for a Hong Kong IPO of up to $6.1 billion, as Qualcomm and China Mobile show an interest in investing in the offering. Bloomberg's Edward Chan reports on "Bloomberg Surveillance."