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The world largest in terms of the number of subscribers communications service provider, China Mobile, following the results of 2018, reported the net profit growth of 3.1% to 117 billion 800 million yuan. The one-time profit from the IPO of China Tower was included in the annual figure. According to the results of the initial placement of shares of the division, engaged in the construction of towers in China, in the amount of 54 billion Hong Kong dollars, China Mobile increased the investment income to 13 billion 860 million yuan. At the same time, operating revenue, which amounted to 736 billion 820 million yuan, noted a decline of 0.5%. Reduced prices for users contributed to an increase in mobile data traffic by 182.1%. The total customer base has grown over the year by 37 million 900 thousand users.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy