China Netcom, the state-controlled phone giant, is poised to launch in the UK, continuing the country’s “go global” push to create champions to rival US and European multinationals.
China’s second-largest fixed-line group will announce on Thursday plans to open a European headquarters in London. The group’s president, Mr Yu Yongping and senior vice-president, Mr Jidong Zhao, [...]
China Life Insurance Co has beaten AT& T Inc in market value, brought China to the leading position with five of the world’s top 10 companies, compared to three for the U.S.
The five Chinese firms are China life Insurance Co<601628><2628><LFC>, PetroChina<857><PTR>, China Mobile<941><CHL>, Industrial & Commercial bank of China (ICBC)<601398><1398> and China Petroleum &Chemical<600028><386><SNP>.
Tags: China-Life, [...]
Nokia Siemens Networks, the world’s second largest maker of wireless networks, said its third-quarter sales rose 26.4 percent in China, a sign of growing customer confidence in the joint venture.
“The result signals that our customers’ concern over the joint venture’s integration has eased and that now we’re on the right track,” said Zhang Zhiqiang, head [...]
China Mobile Ltd<941>, the leading mobile services provider in China, disclosed that the company’s profit increased by approximately 30% year-on-year for the first nine months of this year, attributed to its developing new subscriber line, particularly stimulated by the rural markets throughout the country, according to sources.
As the largest mobile phone operator in China, the [...]
As China’s telecommunication market continues to grow steadily, the authorities are on a move to invite more rivals into the country so as to beef up the industry. However this may undermine the marketing power of domestic heavyweight operators, said a top official on Thursday during the 17th party congress.
Lou Qinjian, deputy minister of the [...]
