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China Unicom (Hong Kong) Limited (CHU)

  • 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. 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.
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  • 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.
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  • 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%.
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  • Jun. 10, 2012, 8:26 PM
    Spain's heavily indebted Telefonica (TEF) inks a deal to raise about €1.1B in cash by selling half of its shares in China Unicom (CHU) back to the company. Telefonica will retain a 5% stake in the Chinese operator and says it remains committed to the two's "strategic alliance."
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  • Jun. 6, 2012, 5:54 PM
    Apple's (AAPL) legal team is staying busy. The company is now seeking a U.S. ban on Samsung's (SSNLF.PK) flagship Galaxy S III, which is due to be sold by all 4 nationwide carriers. Apple claims the phone violates its widely-applicable phone number-linking patent (previous), and also a unified search patent. The efforts come as Samsung prepares to launch the S III in China with all 3 major carriers (CHL, CHU, and CHA).
  • May. 30, 2012, 4:14 PM
    It took long enough, but new iPad (AAPL) models featuring 3G connectivity have finally been cleared for sale in China. No 4G connectivity exists, since Chinese carriers haven't yet received government clearance to offer 4G services, and might not receive it for some time still. Wi-Fi only models were cleared in late March. Thus, Apple's 3x Y/Y increase in Chinese sales in the March quarter happened largely without any benefit from the new iPad.
  • 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).
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  • 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)
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  • 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.
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  • 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. 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)
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  • 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)
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  • 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.
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  • 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.
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  • 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.
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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