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Tag Archives: Qualcomm
China Qualcomm latest Business & Financial news from Doug Young, the Expert on Chinese High Tech Market, (former Journalist and Chief editor at Reuters)
Fast-rising smartphone maker Xiaomi is known for its savvy marketing tactics, but the company has been on the defensive in the blogosphere this past week after a rare tactical blunder that saw it come under attack from disappointed fans. Meantime, the former CEO from the literature unit of online entertainment company Shanda was openly discussing his recent bout with depression on his microblog, following rampant speculation about the reasons for his abrupt departure from the company last month. Read Full Post…
The following press releases and media reports about Chinese companies were carried on January 10. To view a full article or story, click on the link next to the headline.
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China Mobile To Sell iPhone Next Week, Unicom, China Telecom Cut Prices (Chinese article)
Qualcomm (Nasdaq: QCOM) CEO Says Still In Dark On China Antitrust Probe (English article)
Zhou Weiping Resigns As Interim CEO, CFO Of Suntech (NYSE: STPFQ) (PRNewswire)
Qihoo 360 (NYSE: QIHU) Denies In Talks To Sell Stake To Alibaba (Chinese article)
LDK (NYSE: LDK) Enters Further Forbearance Arrangement With Noteholders (PRNewswire)
The following press releases and media reports about Chinese companies were carried on December 13. To view a full article or story, click on the link next to the headline.
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Next year is set to become the year of 4G in China, with the nation expected to spend well over 100 billion yuan ($16.4 billion) on new mobile networks that offer lightning-fast data speeds for mobile subscribers. The spending bonanza marks an excellent chance for China to show its commitment to free trade, after many were disappointed when foreign companies received only a small fraction of the business in a major series of contracts back in August. Read Full Post…
Top officials from leading cellphone chip maker Qualcomm (Nasdaq: QCOM) and web portal Sohu (Nasdaq: SOHU) were tweeting away on their microblogs last week, in what look like efforts to counter recent negative developments for both. In the former case, one of Qualcomm’s China vice presidents, Shen Jin, was hyping the potential of both 3G and 4G in China, just as his CEO was admitting that Qualcomm has come under pressure in the market due to negative fallout from the recent Edward Snowden spying scandal. Meantime, Sohu founder Charles Zhang was talking about the importance of copyright protection, in what looks like a response to criticism of selfish motives behind Sohu’s role as a lead plaintiff in a recent copyright infringement lawsuit against online search leader Baidu (Nasdaq: BIDU). Read Full Post…
Leading cellphone chipmaker Qualcomm (Nasdaq: QCOM) has become the latest foreign firm to encounter resistance in China following the Edward Snowden spying scandal, as Beijing shows it can also play the national security card to the detriment of big western tech firms. But in this case, the US chip giant is not only seeing sales to its Chinese customers drop, but is also facing scrutiny from China’s powerful state planner on allegations of monopolistic behavior. Both of these developments show that Beijing is quite capable of using the national security pretext to play tit-for-tat games with Washington, potentially costing US tech firms billions of dollars in lost China sales. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 26. To view a full article or story, click on the link next to the headline.
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Qualcomm (Nasdaq: QCOM) Faces Antitrust Probe In China (English article)
Giant Interactive (NYSE: GA) Receives Buyout Offer At $11.75 Per Share (PRNewswire)
ICBC (HKEx: 1398) Says Approved For Subsidiaries In New Zealand, Peru (HKEx announcement)
Huawei To Market ‘Honor’ As Independent Smartphone Brand (English article)
China Mobile (HKEx: 941) To Officially Launch Commercial 4G On Dec 18 (Chinese article)
The following press releases and media reports about Chinese companies were carried on November 23-25. To view a full article or story, click on the link next to the headline.
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Rectification Coming For Mobile Game Sector – Culture Ministry Official (Chinese article)
Shares of 500.com, Sungy Mobile Roar On NY Trading Debut (English article)
Chinese Nokia Workers Pledge To Continue Strike (English article)
Qualcomm (Nasdaq: QCOM) CEO Says NSA Fallout Impacting China Business (English article)
Alibaba Blocks Referrals To Mobile E-Commerce Platforms From WeChat (Chinese article)
The following press releases and media reports about Chinese companies were carried on December 19. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Chinese Internet Users Reach 550 Mln – MIIT (Chinese article)
A flurry of new signals from the public and private sectors are all indicating that TD, a home-grown Chinese technology for third- and fourth-generation wireless mobile services, may finally be gaining momentum after several years of languishing, providing a welcome boost for China Mobile (HKEx: 941; NYSE: CHL), the technology’s main proponent. The latest news bits include word that China Mobile itself is preparing to purchase large volumes of handsets that can operate on the 4G standard known as TD-LTE, and that global smartphone chip leader Qualcomm (Nasdaq: QCOM) will roll out a highly anticipated TD chip by the end of the year. From the regulatory end, the Ministry of Industry and Information Technology (MIIT), which oversees the telecoms sector, is also reportedly preparing to finalize its spectrum plans for TD-LTE and 4G in general within the next month.
The aggressive 4G aspirations of leading wireless carrier China Mobile’s (HKEx: 941; NYSE: CHL) have just received a major boost from the telecoms regulator, which has said licenses for next-generation wireless networks known as LTE will be issued in about a year. At the same time, however, China Mobile is suffering the latest in a long series of disappointments for its current 3G service, with word that there are no immediate plans to launch an Apple (Nasdaq: AAPL) iPhone for the struggling network that uses a problematic homegrown technology called TD-SCDMA.
A flurry of new signals from the public and private sectors are all indicating that TD, a home-grown Chinese technology for third- and fourth-generation wireless mobile services, may finally be gaining momentum after several years of languishing, providing a welcome boost for China Mobile (HKEx: 941; NYSE: CHL), the technology’s main proponent. The latest news bits include word that China Mobile itself is preparing to purchase large volumes of handsets that can operate on the 4G standard known as TD-LTE, and that global smartphone chip leader Qualcomm (Nasdaq: QCOM) will roll out a highly anticipated TD chip by the end of the year. From the regulatory end, the Ministry of Industry and Information Technology (MIIT), which oversees the telecoms sector, is also reportedly preparing to finalize its spectrum plans for TD-LTE and 4G in general within the next month.
The aggressive 4G aspirations of leading wireless carrier China Mobile’s (HKEx: 941; NYSE: CHL) have just received a major boost from the telecoms regulator, which has said licenses for next-generation wireless networks known as LTE will be issued in about a year. At the same time, however, China Mobile is suffering the latest in a long series of disappointments for its current 3G service, with word that there are no immediate plans to launch an Apple (Nasdaq: AAPL) iPhone for the struggling network that uses a problematic homegrown technology called TD-SCDMA.
