Profit Drops For China’s Three Top Telecom Operators

China Mobile, China Unicom and China Telecom published their performance for the first quarter of 2015 and all of them reported a net profit decline during the period. China Mobile said that the company’s operating revenue in the first quarter of 2015 was CNY160.9 billion, a year-on-year increase of 3.9%; while its net profit was […]

Baidu, Rakuten’s JV Formally Launched In Beijing

Three months after Baidu’s announcement of its plan to set up a joint venture with the Japanese e-commerce operator Rakuten, the JV was formally founded in Beijing’s Tongzhou district last week.