Briefly

China Mobile IPO in Shanghai set for Wed

China Mobile said it will debut on the Shanghai Stock Exchange on Wednesday, which is expected to be the largest IPO in the A-share market in the last 10 years. The company said before the IPO it is targeting as much as 55.3 billion yuan ($8.7 billion). In a filing earlier with the Hong Kong stock exchange, where its stock also trades, the company said it planned to issue its new shares in Shanghai at 57.58 yuan apiece.

Added value of sports exceeds 1.07t yuan

China's sports industry saw its added value reach 1.07 trillion yuan ($168.37 billion) in 2020, down 4.6 percent due to COVID-19 shocks, official data showed. Sports services took up a 69 percent share in total added value, up 1 percentage point year-on-year, according to the National Bureau of Statistics. Contactless and administrative services have been welcomed amid the pandemic, with sports communications and information services logging a 19 percent growth in added value. The added value of sports education and training climbed 5.7 percent year-on-year, according to the NBS.

Chongqing 5G base stations top 70,000

The number of 5G base stations in operation in Southwest China's Chongqing municipality had exceeded 70,000 by the end of 2021, said the municipal economic and information commission. The municipality has been promoting 5G and other "new infrastructure "construction in recent years while facilitating the integration between 5G and various industries like manufacturing and logistics. It has launched 20 demonstration projects featuring "5G plus industrial internet," which are applied in remote control, intelligent logistics and other scenarios.

Xinhua - China Daily