China Unicom is a telecom services provider
China Unicom, founded in June 1994 as a state-owned enterprise and headquartered in Beijing, is a telecom services provider. On June 22, 2000, the company was incorporated in Hong Kong and was listed on the Hong Kong Stock Exchange. Its major shareholders are China Unicom Group Corporation (BVI) Limited (“China Unicom Group BVI”) and China Unicom (BVI) Limited. China Unicom's competitors include China Mobile and China Telecom.
China Satellite Navigation and Location Services Industry Reached CNY 469 Billion
According to the GNSS and LBS Association of China's White Paper on the Development of China's Satellite Navigation and Location Services Industry (2022), China's Satellite Navigation and Location Services Industry grew by 16.29 % year over year, reaching CNY 469 billion.
Yesterday 06:56 PM
Tencent's Net Income Fell by 23% in First Quarter as it Shifted to To Business Services
Tencent reported revenue of CNY 135.4 billion in Q1 2022, the same as last year but less than the expected CNY 141.06 billion. The company's net income fell 51% year over year to CNY 23.4 billion. Under Non-IFRS, net income is CNY 25.5 billion, down 23% from the previous year.
Yesterday 05:08 PM
Co-Working Space Provider Ucommune Experienced Jaw-Dropping Losses
Founded in 2015, the Beijing-based Ucommune (优客工场) is a co-working space provider that creates a large-scale intelligent agile office ecosystem in China. Recently, the company released its second annual report, with net loss reaching CNY 2.163 billion.
May 17, 2022 12:26 AM