China Unicom (Hong Kong) Limited (CHU) - NYSE
  • Dec. 7, 2012, 11:24 AM

    Some Asian Apple (AAPL -1.8%) news: 1) The iPad Mini has launched to sparse crowds in China. The regular iPad controlled 71% of the Chinese tablet market in Q3, according to Analysys. 2) China Unicom (CHU) took over 200K iPhone 5 pre-orders in its first 2 days of availability. Unicom is fully subsidizing the phone to those who make a $947 deposit. 3) NTT DoCoMo (DCM) is facing more pressure to strike an iPhone deal (previous): the top Japanese carrier lost 40.8K subs in November to rivals SoftBank and KDDI. Apple's Japanese sales rose 113% Y/Y in FQ4.

    | Dec. 7, 2012, 11:24 AM | 7 Comments
  • Dec. 6, 2012, 2:52 PM

    More on Apple: 1) China Mobile's (CHL) CEO suggests his company's lack of an iPhone deal has to do with deal terms rather than its TD-SCDMA 3G network. 2) IDC claims Apple's Chinese smartphone rank fell to #6 in Q3. Samsung was first, followed by fast-growing local Android OEMs Lenovo and Coolpad. The iPhone 5 launches in China on Dec. 14. 3) As Tim Cook declares some iMacs are being made in the U.S., Foxconn says it will expand its North American production.

    | Dec. 6, 2012, 2:52 PM | 10 Comments
  • Nov. 30, 2012, 8:57 AM

    Apple (AAPL) announces the iPhone 5 will go on sale in China on Dec. 14, and the iPad Mini and 4th-gen regular iPad on Dec. 7. That gives Apple a little over 2 and 3 weeks, respectively, to rack up (authorized) Chinese sales of the devices in FQ1. The iPhone 5 launch was widely expected, given regulatory approval and China Telecom's (CHA)  pre-orders. Separately, Apple has begun selling the iPhone 5 unlocked in the U.S. at prices ranging from $649-$849. (PR)

    | Nov. 30, 2012, 8:57 AM | 36 Comments
  • Nov. 29, 2012, 8:29 AM

    Apple (AAPL) roundup: 1) The iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) networks have received the final clearances needed from Chinese regulators. CHA has already begun taking pre-orders. 2) A Dutch court has ruled some older Samsung hardware infringes Apple's rubber-banding patent, recently invalidated by the USPTO. 3) The delayed iTunes 11 might finally arrive today. 4) With the completion of its new spaceship-like Cupertino HQ pushed back to 2016, Apple is building a new campus in nearby Santa Clara.

    | Nov. 29, 2012, 8:29 AM | 7 Comments
  • Nov. 20, 2012, 3:03 PM

    China's big-3 mobile carriers added 11.2M new subscribers in October, and put 9.9M more subs on their 3G networks. China Mobile (CHL -1.4%) respectively added 5M and 3.7M new and 3G subs, China Unicom (CHU -2.1%) 3.4M and 3.2M, and China Telecom (CHA -2.4%) 2.9M and 3M. In spite of the increases, only 19% of China's 1.09B subs were on a 3G network at month's end, leaving plenty of growth for Qualcomm (previous), Marvell, Spreadtrum, Apple, and others. (chart)

    | Nov. 20, 2012, 3:03 PM | 1 Comment
  • Nov. 9, 2012, 12:09 PM

    China Telecom (CHA) says it plans to begin selling the iPhone 5 (AAPL +2.2%) in late November or early December, a little earlier than expected. During Apple's FQ4 call, Tim Cook would only say Apple expects a December Chinese launch. China Unicom's (CHU) chairman is more cautious in setting a timetable. Meanwhile, RBC is predicting Apple will finally reach a deal with China Mobile (CHL) in 2013, perhaps even before the Chinese New Year - the iPhone 5 doesn't support CHL's TD-SCDMA 3G network. (previous)

    | Nov. 9, 2012, 12:09 PM | 43 Comments
  • Oct. 31, 2012, 11:04 AM

    Though many pundits, analysts, and (reportedly) employees liked Apple's (AAPL -2.3%) big management shakeup (I, II), shares have fallen below the $600 threshold today. Scott Forstall had plenty of critics, but he also earned a lot of respect on account of iOS' success over the last 5 years. Today's decline comes as Chinese regulators give their approval to iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) 3G networks.

    | Oct. 31, 2012, 11:04 AM | 35 Comments
  • Oct. 22, 2012, 11:47 AM

    China Mobile (CHL +2.7%) is rallying after posting its Q3 report, and is giving rival China Unicom (CHU +1.9%) a lift along the way. A ~9M Q/Q 3G subscriber increase is going over well, as is the company's claims that its declining ARPU is stabilizing due to rising mobile data traffic. Citi is reiterating a Buy, touting CHL's 3G growth, 4% yield, and budding 4G network (still in trial stage), but expects margins to remain pressured in Q4.

    | Oct. 22, 2012, 11:47 AM
  • Sep. 26, 2012, 11:25 AM

    Chinese regulators have approved iPhone 5 (AAPL) models that can be used on China Unicom (CHU) and China Telecom's (CHA) 3G networks, a move that should allow Unicom to begin offering the phone by December. China Mobile (CHL), the world's largest carrier, remains the odd man out. Apple has reportedly promised to support the carrier's 4G TD-LTE network, but it might not receive commercial clearance for some time.

    | Sep. 26, 2012, 11:25 AM | 2 Comments
  • Sep. 14, 2012, 11:58 AM

    China Unicom (CHU +1%) says it will launch the iPhone 5 within the next 3 months, provided regulators give the go-ahead. CHU, one of two Chinese carriers to sell the iPhone, had to wait until January 13 to sell the iPhone 4S. Apple's (AAPL) international release schedule for the iPhone 5 appears to be more aggressive than it was for prior models.

    | Sep. 14, 2012, 11:58 AM
  • Sep. 10, 2012, 5:16 PM
    China Mobile's (CHL) text messaging revenue declined to CNY 46.5B ($7.33B) last year, down from a 2009 peak of CNY $53.6B ($8.46B). The drop highlights the disruptive impact instant messaging and microblogging platforms, such as Tencent's QQ and Sina's Weibo, are having on the business models of Chinese carriers. Thus far at least, U.S. carriers have been able to avoid the same fate
    | Sep. 10, 2012, 5:16 PM
  • Aug. 23, 2012, 10:36 AM

    China Unicom (CHU +7.1%) jumps after reporting a Q2 net profit of CNY2.42B ($381M), slightly better than analyst estimates. China's #2 carrier also reported 1H mobile service revenue rose 23.4% Y/Y, and that it ended June with 219.2M total subscribers and 57.5M 3G subscribers. ARPU rose 2.8% Y/Y to CNY48.1 ($7.57). (CHA results)

    | Aug. 23, 2012, 10:36 AM
  • Aug. 17, 2012, 11:14 AM
    Only 3 weeks after falling on an earnings miss, Apple (AAPL +1.1%) is trading near its highs. Today's gains come with the help of Jefferies' coverage launch, and in spite of a report China Unicom (CHU) is thinking about ending iPhone subsidies. This isn't as big of a deal in China, where a large chunk of iPhone purchases are unsubsidized, as it is in the U.S., but could still have some impact on sales. The report follows one earlier this month claiming Unicom is thinking of slashing low-end Android subsidies.
    | Aug. 17, 2012, 11:14 AM | 3 Comments
  • Aug. 16, 2012, 11:06 AM

    China Mobile (CHL -5.5%) slumps after its Q2 earnings miss estimates, and the company promises to continue investing heavily in phone subsidies. Much like the U.S. mobile industry (previous), ramping sales of subsidized smartphones appear to be hurting the margins of Chinese carriers. Another challenge is the growing mobile adoption of instant messaging and social networking services such as Tencent QQ and Sina Weibo, which is impacting voice and text-messaging activity.

    | Aug. 16, 2012, 11:06 AM
  • Jul. 5, 2012, 10:45 AM
    China Unicom (CHU +7.1%) soars after HSBC upgrades the company to Neutral. The firm declares China's #2 mobile carrier to have an increasingly attractive valuation, following its recent selloff.
    | Jul. 5, 2012, 10:45 AM
  • Jun. 20, 2012, 3:55 AM

    China Unicom (CHU) -3.7% in Hong Kong trading after announcing it added a net 2.73M 3G subscribers in May, a 6.6% decrease in subscriber growth from April. Analysts attributed the results to weaker consumer spending. The news prompted BofA to cut the company’s 2012 net income forecast by 18%.

    | Jun. 20, 2012, 3:55 AM | 1 Comment
Company Description
China Unicom (Hong Kong) Ltd. is an investment holding company. The company through its subsidiaries engages in the provision of cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, information communications technology services, and... More
Sector: Technology
Industry: Wireless Communications
Country: China