BEIJING— China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew. The Beijing- based company earned 11.4 billion yuan, or 0.14 yuan per share, in the six months ended June 30.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Hertz Global Holdings Inc., down $1.23 to $30.33. American Eagle Outfitters Inc., up $1.39 to $12.98.
China has overtaken Europe by building hundreds of thousands of masts to carry superfast 4G mobile signals. The FT reports.
China's domestic 4G smartphone market is set for 1,500 percent growth in shipments this year, according to IHS Technology.
China Mobile finally starts selling iPhones on its massive network, with focus on how big a slice Apple can carve out in the booming Chinese market.
A deal to sell iPhones on China Mobile's vast network is a "watershed moment," Apple CEO Tim Cook told CNBC on Wednesday.
China has approved a pilot scheme allowing private companies to piggy back on the country's providers to offer own-brand mobile services.
Apple's deal with China Mobile is set to up the ante in the smartphone war with Samsung, which stands to lose its leading position in the market.
Apple and China Mobile have signed a deal to distribute Apple's iPhone, according to a Wall Street Journal report.
China has opened up its mobile broadband market after granting 4G licences to the country's three main telecom companies. The FT reports.
China has reportedly made a momentous decision to liberalize internet access within the planned Shanghai free-trade zone to websites seen as politically sensitive such as Facebook.
Some of the names on the move ahead of the open.
Tucker Grinnan, Head of Regional Telecommunications Research at HSBC tells CNBC's Cash Flow why he like China Telecom in the wake of the Apple iPhone 5C and 5S.
Bertram Lai, Greater China Telecommunications Research at CIMB Securities tells CNBC's Cash Flow why he's neutral on China Mobile at the moment.
The stars may finally be aligning for a long-awaited deal between Apple and China Mobile that could help the iPhone maker claw back lost ground in its most important growth markets.
China Mobile hopes to tap pent-up demand for Apple smartphones by rolling out new 4G technology this year and having an iPhone model that will finally run on it.
Asian shares ended mixed on Friday, dragged lower by a drop in regional technology stocks, although gains in Australia and Japan contained overall losses for equities.
Apple's Chief Executive Tim Cook met with China Mobile's Chairman Xi Guohua to discuss "matters of cooperation," a China Mobile spokesman said.
Apple's Chief Executive Tim Cook is meeting with partners and government officials in China on his second visit in less than a year.
Apple has sold more than two million iPhone 5 smartphones in China in the first weekend since the phone's launch on Friday.