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China Unicom (Hong Kong) Limited (CHU)

  • May 22, 2012, 2:38 PM
    China Mobile (CHA +1.8%) trades higher on an upgrade to Outperform from Credit Suisse, which sees strong 3G uptake in "Tier 2" Chinese cities leading to double-digit revenue growth for the country's carriers. CS notes 2/3 of China's net adds since April '11 have involved 3G, leading its penetration rate to grow to 15.6% of phones, and that 3G subs tend to sport higher ARPUs. Outperforms are reiterated for China Mobile (CHL) and China Unicom (CHU - previous).
    | May 22, 2012, 2:38 PM | 1 Comment
  • May 18, 2012, 12:30 PM
    Baidu (BIDU) is reportedly working with 3 partners to produce smartphones that will feature its Baidu Cloud applications suite. It's added the phones will sell for a mere $111-$143, be marketed by local vendor Changhong Electric, and will run on China Unicom's (CHU) network. The report comes shortly after one of Baidu showed off one of its devices, a low-end Android model with a 3.5" display and Baidu search box. Netease (NTES) also has plans to sell low-end Android phones. (also)
    | May 18, 2012, 12:30 PM | Comment!
  • May 10, 2012, 4:52 AM
    China Unicom's (CHU) revenue from 3G mobile services is likely to grow to 70B yuan ($11.1B) this year from 40B yuan last year, the company said. The mobile operator expects to have 90M 3G subscribers by the end of this year, up from 49M as of March 31.
    | May 10, 2012, 4:52 AM | Comment!
  • Apr. 26, 2012, 10:16 AM
    Apple's (AAPL -0.2%) Chinese sales, now 20% of its total and heavily responsible for its FQ2 beat, have gone from amounting to less than $1B/year prior to China Unicom's (CHU) 2009 iPhone launch to currently being on a $25B+/year annual rate. This staggering growth comes even though over half of iOS sales come from a handful of wealthy urban provinces, and top carrier China Mobile (CHL) isn't yet selling the iPhone.
    | Apr. 26, 2012, 10:16 AM | 5 Comments
  • Apr. 13, 2012, 3:44 PM
    In spite of rumors to the contrary, Google (GOOG) is unlikely to sell off Motorola Mobility's (MMI) hardware business in the near-term, Taiwanese phone makers tell Digitimes. Separately, the site notes Motorola is entering the burgeoning low-end Chinese Android market via its XT390 phone, which will be sold by China Unicom (CHU). (more on GOOG)
    | Apr. 13, 2012, 3:44 PM | 1 Comment
  • Mar. 22, 2012, 2:15 PM
    China Unicom (CHU -2.6%) heads lower after reporting a 2011 profit that missed expectations, as 3G and broadband subscriber growth fails to offset declining 2G subs and growing handset subsidy costs. Unicom, which plans to spend CNY100B ($15.9B) in 2012 capex, now also has to contend with a loss of Chinese iPhone exclusivity, as rival China Telecom (CHA) begins selling the 4S. (earlier)
    | Mar. 22, 2012, 2:15 PM | Comment!
  • Mar. 22, 2012, 12:55 PM
    Bemoaning average download speeds that are well below the global average, the Chinese government is calling for a new national broadband strategy. A major broadband push by the government would have an impact on top ISPs CHA and CHU, whose broadband investment levels have been criticized, and perhaps also merging online video sites YOKU and TUDO.
    | Mar. 22, 2012, 12:55 PM | Comment!
  • Mar. 20, 2012, 8:27 AM
    China is on the brink of passing a whopping 1B cell-phone subscribers - if it hasn't already - with February snapshots from operators showing that the number stood at 999.7M. China Telecom (CHA) has 132.3M customers, China Mobile (CHL) 661.4M, and China Unicom (CHU) 206M. Apple and co. must be rubbing their hands with glee.
    | Mar. 20, 2012, 8:27 AM | Comment!
  • Mar. 15, 2012, 12:48 PM
    Research In Motion (RIMM +2.5%) shares rise amid news China Unicom (CHU +1.7%) launched internet service for BlackBerry users. The gain comes despite an MKM report pointing to channel checks which note "abnormally" high warranty returns at Verizon for BlackBerry 7 models; many are said to lock up right out of the box and need immediate replacement.
    | Mar. 15, 2012, 12:48 PM | Comment!
  • Feb. 22, 2012, 9:09 AM
    China's mobile subscriber base closed in on the 1B mark in January, growing another 1.2% M/M to 987.6M. Top carrier China Mobile (CHL) saw its base grow to 655.4M subscribers= (53.9M 3G users). China Unicom's (CHU) base reached 202.9M subs (43.1M 3G). And China Telecom (CHA), which just struck a deal with Apple, saw its base reach 129.3B subs (38.7M 3G).
    | Feb. 22, 2012, 9:09 AM | Comment!
  • Feb. 21, 2012, 9:17 AM
    As expected, #3 Chinese carrier China Telecom (CHA) announces it will begin selling the iPhone 4S. Until now, #2 China Unicom (CHU) had been the only Chinese carrier authorized to sell the iPhone. China Mobile (CHL), the world's largest carrier, could strike a deal after Apple (AAPL) introduces the iPhone 5, which might support China Mobile's nascent 4G LTE network. (previously)
    | Feb. 21, 2012, 9:17 AM | Comment!
  • Feb. 7, 2012, 9:00 AM
    Premarket gainers: CSTR +19%. CVM +11%. SPF +10%. SHPGY +5%. S +5%. AMLN +4%. NBG +4%. PRGO +3%. HGSI +3%. CLF +3%. CHU +3%.
    Losers: NSU -22%. CFX -10%. ASTX -10%. BPAX -6%. LPL -5%. THLD -5%. SBH -4%. ALU -4%. ZOLT -4%. FRO -3%. VHPM -3%. CTIC -3%.
    | Feb. 7, 2012, 9:00 AM | Comment!
  • Jan. 30, 2012, 9:32 AM
    Apple (AAPL) could sell as many as 57M iPhones/year in China within a couple of years, claims Morgan Stanley's Katy Huberty. Huberty's forecast assumes China Telecom (CHA) and China Mobile (CHL) get their hands on the device, and see a rate of adoption similar to what China Unicom (CHU) has seen. In 2011, Apple sold roughly 89M iPhones worldwide. (previously)
    | Jan. 30, 2012, 9:32 AM | 3 Comments
  • Jan. 30, 2012, 9:00 AM
    Premarket gainers: PBY +25%. GTXI +24%. TNB +23%. AMLN +14%. LCC +7%. ARNA +7%. PTNR +4%.
    Losers: CTIC -18%. PMC -14%. DB -6%. ING -5%. BCS -5%. MT -5%. CHU -4%. STD -4%. AKS -3%. DANG -3%. PLX -3%. PT -3%. JASO -3%. KOG -3%. X -3%. ANR -3%. RIG -3%.
    | Jan. 30, 2012, 9:00 AM | Comment!
  • Jan. 18, 2012, 2:51 PM
    China Unicom (CHU), the only Chinese carrier authorized to sell the iPhone (for now, anyway), has begun selling prepaid Android phones at a price of just $158. Moreover, Digitimes' sources claim rivals CHL and CHA are likely to follow suit. The arrival of cheaper Android phones could prove a headache for local chipmaker Spreadtrum (SPRD), which has a weak position in the smartphone processor market. (previously)
    | Jan. 18, 2012, 2:51 PM | 1 Comment
  • Jan. 13, 2012, 3:23 AM
    Apple (AAPL) aborts retail sales of the iPhone 4S in China after customers queuing overnight in freezing temperatures became aggressive in a botched debut that saw the flagship store fail to open while other stores sold out of the phone in one day. Not quite what China Unicom (CHU) had in mind when it said it planned to aggressively promote the iPhone 4S.
    | Jan. 13, 2012, 3:23 AM | 8 Comments
Company Description
China Unicom (Hong Kong) Ltd though its subsidiaries, provides cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, ICT services, and business and data communications services in the PRC.
Sector: Technology
Country: China