Beijing pushes major Chinese telcos to raise dividends

Beijing pushes China Telecom, China Mobile to raise dividends

Three major Chinese telcos are dramatically changing their financial strategies and shifting from reducing capital costs to offering higher dividend yields.

As reported by Nikkei Asia, this shift is linked to the increasing interest from the Chinese government in the performance of the stock market and its directive to accord more importance to shareholder returns within state-owned enterprises.

China Telecom followed this logic but took it a step further, as interim...

22 August 2024 | 5G

Huawei’s upcoming chip may break China’s 7nm barrier

Chinese tech giant Huawei continues to defy expectations, steadily reclaiming its position in the global smartphone market despite weathering over five years of stringent US sanctions. Showcasing remarkable resilience and innovation, the company's recent chip development and smartphone sales advances paint a picture that transcends mere corporate resilience.

Huawei's journey through the sanctions storm began in 2019 when the Trump administration, citing national security concerns,...

7 August 2024 | China Mobile

Berlin’s 5G shift: Germany to phase out Huawei and ZTE components

In the wake of mounting global concerns over national security, Germany has become the latest nation to join the ranks of countries restricting Chinese technology in critical infrastructure. Following in the footsteps of the US, Britain, Sweden, Japan, Australia, New Zealand, and Canada, Europe's largest economy has announced plans to bar components from Chinese tech giants Huawei and ZTE in core parts of its 5G networks.

This decision marks a significant shift for...

19 July 2024 | 5G

HarmonyOS NEXT: Huawei’s bold move to challenge Apple and Android

Source: Huawei Central, Huawei.

Now approaching a staggering one billion mobile devices in circulation, Huawei has unveiled HarmonyOS NEXT, a new operating system that completely ditches Android apps. This move marks a significant technological evolution for Huawei and sets the stage for a heated rivalry with Apple and a potential reshaping of the Android ecosystem.

In retrospect, Huawei's path to the brink of one billion mobile devices demonstrates its perseverance and ingenuity. Despite considerable hurdles,...

26 June 2024 | China Mobile

China Broadnet becomes the country’s fourth mobile operator

China has gained a fourth mobile operator as China Broadnet begins offering services in the country.

The operator was established in 2020 as the China Broadcasting Network (CBN) but never offered any services.

Earlier this month, there was a sign that something was afoot when CBN rebranded to China Broadnet. Alongside that announcement, China Broadnet began taking reservations for numbers.

To reserve their desired number, customers had to pay an upfront fee of...

27 June 2022 | 5G

China Mobile share price retreats following Shanghai debut surge

China Mobile’s share price has retreated following a surge after it listed on the Shanghai Stock Exchange.

The world’s largest mobile operator by total subscribers was delisted from the New York Stock Exchange (NYSE) following the Trump administration’s decision to restrict investments in Chinese technology firms.

China Mobile’s shares increased by ~8.5 percent from its offering price of 57.58 yuan but over the next six hours had returned to around its offering...

5 January 2022 | China Mobile