The move comes as online sales of handsets hit a ceiling, and is part of the State-owned company's efforts to catch up with industry leader China Mobile Communications Corp.
The A-share market has reopened its doors to commercial banks after a regulatory halt from 2010, with 14 banks now waiting for initial public offerings.
Chinese stocks retreated from a three-month high, with materials and energy companies leading the drop, amid signs that recent gains by the market were excessive.
Bank aims to help alleviate poverty while creating a profitable business
A new round of resources tax reform, starting from July, may lead to a heavier tax burden, but it will have long-lasting benefits to society and help ensure resource sustainability, experts said Tuesday.
Baker & McKenzie LLP, the world's biggest law firm by revenue, said it has been making progress in its joint operation with local Chinese law firm FenXun Partners, a move to expand its presence in the "brutally competitive" legal service market in China.
Sale of stock in a unit, combined with other moves, to fund Syngenta buy
Alibaba Group Holding Ltd is gearing up to open up its information security technologies to other e-commerce players, as the online shopping giant sees the industry-wide data security market as the cornerstone for it to reach its goal of selling 6 trillion yuan ($896.8 billion) of goods on all its platforms in 2020.
Panda bond issuance surged to 29 billion yuan ($4.33 billion) in the year to date in 2016, compared with 12 billion yuan in all of 2015, said a JPMorgan Chase & Co report.
Steps to be taken to tackle pollution from heavy use of aircraft as industry expands
Apple Inc has donated 7 million yuan ($1 million) to the China Foundation for Poverty Alleviation, lending a hand to the flood relief efforts being made in Southern China.
DHL Sinotrans International Air Courier Ltd, a major express service provider in China, recently set up a foundation dedicated to improving the educational opportunities for students in the country's underdeveloped regions.
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Raymond Zhou
Op Rana
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Chen Weihua
