Date
21 February 2020

Tech

  • Investors can't wait to get their hands on Alibaba. Pending its stock market listing

    Is betting on Alibaba proxy stocks a good idea?

    - Mar 24, 2014 1:42pm
    Alibaba’s valuation is rising rapidly and the company is not even listed yet. The Hong Kong Economic Journal’s investor diary examines the idea of investing in the company through proxy stocks. To begin with, Alibaba’s growth story...
  • China Mobile must bear the brunt of the capital expenditure and asset depreciation of the 4G network rollout. Photo: Bloomberg

    China Mobile strains under weight of 4G ambitions

    - Mar 24, 2014 12:26pm
    China Mobile (00941.HK), the nation’s largest mobile operator, reported its first drop in full-year earnings in 14 years as government decisions and market competition took their toll, dimming near-term prospects for the telecom giant. The state-owned...
  • Tencent buys 15% of online property-services firm, WSJ says

    Mar 24, 2014 8:10am
    Tencent Holdings Ltd. has agreed to spend US$180 million to buy a 15% stake in an online real-estate-services company Leju Holdings Ltd., the Wall Street Journal reported Sunday. Leju offers services including mobile apps and payment mechanisms...
  • NSA breached Huawei servers seen as security threat, paper says

    Mar 24, 2014 7:59am
    Classified documents show that the US’ National Security Agency created its own back doors directly into networks operated by Chinese telecommunications giant Huawei, the New York Times reported Saturday. According to NSA documents provided by former...
  • Chairman Wang Xiaochu is spearheading efforts to create a new China Telecom. Photo: Bloomberg

    China Telecom reinvents itself, again

    - Mar 21, 2014 12:06pm
    China Telecom (00728.HK), one of the nation’s big three telecommunications carriers, is seeking to turn itself into a hosting platform for a wide range of Web-based services, leveraging its loyal customer base to avoid getting marginalized...
  • Sinopec eyes third-party payment firm Yufu, paper says

    Mar 21, 2014 8:54am
    China Petroleum & Chemical Corp. (Sinopec) (00386.HK, 600028.CN) is considering acquiring third-party payment service provider Yufu Payment Co. Ltd., the 21st Century Business Herald reported Thursday, citing unnamed Sinopec management personnel. Yufu is one of the...
  • Lenovo buys some Unwired Planet patents, paper says

    Mar 21, 2014 8:41am
    China’s Lenovo Group Ltd. said Thursday that it has agreed to buy a portfolio of patents from Unwired Planet Inc. and license some patents in a deal worth US$100 million, the Wall Street Journal reported. The patent...
  • Some netizens are accusing the central bank of going back on its word to promote financial innovation. Photo: Reuters

    How regulatory changes could tighten noose on P2P lending

    - Mar 20, 2014 3:54pm
    China’s central bank is only days into a crackdown on third-party payment services, but already, the two biggest operators are saying the tighter regulations will not affect subscription and redemption of internet funds. Alibaba and Tencent,...
  • China Mobile 2013 net profit down 5.9%, filing says

    Mar 20, 2014 3:07pm
    China Mobile Ltd. (00941.HK) reported on Thursday a net profit of 121.69 billion yuan (US$19.58 billion) for 2013, down 5.87 percent compared to the previous year, even as turnover climbed 8.3 percent to 630.18 billion yuan....
  • Alibaba invests US$215 mln in startup Tango, paper says

    Mar 20, 2014 2:37pm
    Alibaba Group Holding Ltd. has invested US$215 million in Silicon Valley startup TangoMe Inc., giving the Chinese e-commerce giant access to the mobile messaging business as it prepares to hold an initial public offering in the...
  • ZTE times phone launch with Unicom 4G service start, paper says

    Mar 20, 2014 1:11pm
    ZTE Corp. (0763.HK, 000063.CN) has released a new sub-1,000 yuan (US$160.85) 4G handset to coincide with the official start Tuesday of 4G services by China United Network Communications Group Co. Ltd. (China Unicom) (00762.HK, 600050.CN), the...
  • JD.com can offer sales platform for fund companies, paper says

    Mar 20, 2014 12:06pm
    Online retailer JD.com has been awarded a license to serve as a third-party e-commerce platform for fund product sales, becoming the second such company after Zhejiang Taobao Network Co. Ltd., the Shanghai Securities News reported Thursday....
  • JD.com is pursuing a strategy of collaboration

    JD’s new strategy: It’s all a matter of convenience

    - Mar 20, 2014 10:50am
    E-commerce giant JD.com had in recent years been mainly focused on eating the lunch of brick-and-mortar retailers. But now the Chinese firm is switching its strategy by turning some of its old enemies into allies. In...
  • UnionPay stands to lose from the use of virtual credit cards. Photo: Bloomberg

    The hand behind the freeze on virtual credit cards

    - Mar 19, 2014 4:17pm
    The People’s Bank of China has suspended the use of online payment systems involving virtual credit cards and mobile barcodes, catching market players by surprise. The move came even after ranking government officials voiced support for...
  • 3 China Mobile officials held on corruption charges, paper says

    Mar 19, 2014 2:28pm
    Zhang Liande, former general manager of China Mobile Communications Corp.’s Hebei branch, and two of Zhang’s former assistants, Ding Zhanwu and Zhang Lei, have been arrested for alleged serious disciplinary violations, People’s Daily reported Wednesday, citing...
  • Sinopec said it welcomes partners

    E-commerce giants eye gas stations for offline push

    - Mar 19, 2014 12:36pm
    Market rumors that Alibaba Group Holding Ltd. would like to take a stake in the oil and gas distribution business of China Petroleum & Chemical Corp. (Sinopec) (00386.HK, 600028.CN) indicate that the e-commerce giant is ramping up its online-to-offline (O2O) strategy...
  • Jack Ma rules out backdoor HK listing for Alibaba, paper says

    Mar 19, 2014 11:10am
    Alibaba Group chairman Jack Ma has ruled out a backdoor listing in Hong Kong, despite holding stakes in CITIC 21CN (00241.HK) and ChinaVision Media Group Ltd. (01060.HK), Beijing Business Today reported Wednesday. Alibaba said Sunday that...
  • Ganji may seek IPO if beneficial, paper says

    Mar 19, 2014 10:51am
    China’s largest classified information portal, Ganji.com, will consider an initial public offering if it will benefit the company, Securities Daily reported Wednesday, citing chief executive Yang Haoyong. Ganji is expected to report hundreds of millions of...
  • Is losing Alibaba to the US really such a loss for Hong Kong?

    - Mar 18, 2014 5:02pm
    The decision was made and Hong Kong was the loser — at least some saw it that way when Alibaba Group Holding Ltd. said it was opting to list in the United States rather than closer to...
  • PBoC move hints at tighter govt control of O2O business

    - Mar 18, 2014 12:16pm
    The People’s Bank of China appears to have dealt the country’s e-commerce sector a setback after it suspended the use of virtual payment channels such as virtual credit cards and the Quick Response (QR) Code payment via mobile...