China Mobile's quarterly revenue fell year-on-year for the first time as it struggles in the face of rising competition from popular messaging apps.» Read More
China's manufacturing sector continued to expand moderately in May. How should you trade the trend?
The Lightning Round is extended in this CNBC.com exclusive feature.
Shares in Sprint Nextel surged as much as 16% in afterhours trade after a media report said SK Telecom was preparing to bid for the No. 3 U.S. wireless company. This is despite a denial by the South Korean firm of any such action.
China Mobile, the world's largest wireless carrier, beat forecasts with a near 20% rise in quarterly net profit on the back of strong subscriber growth, but analysts warn that margins may shrink as competition intensifies.