About this weblog
What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.
Friday, March 30, 2018
Enterprise Sales Lift Huawei
Huawei reported a 16% year-on-year increase in revenue for 2017 to 603.6 billion Chinese yuan (92.5 billion US dollars based on year-end exchange rates). The growth was driven primarily by a 35% increase in Huawei's enterprise revenues to 54.9 billion yuan. In 2017, Huawei spent 89.7 billion yuan on R&D, up 17% compared with 2016. source: Huawei statement
Friday, March 23, 2018
Tencent Enjoys Bumper 2017
Tencent reported a 56% increase in revenues in 2017 to 237.8 billion Chinese yuan (36.4 billion US dollars), driven by a 65% rise in advertising revenues and a 52% rise in value added services revenues generated by its social networks, which include QQ and WeChat.
Tencent said that its Tencent Video service achieved rapid growth in traffic and paying users, driven by the popularity of its exclusive drama series, movies and self-commissioned content. "We became the leading video streaming platform in China with over 137 million mobile daily active users during the fourth quarter and 56 million subscriptions as of the end of 2017," it added. source: Tencent statement
Thursday, March 22, 2018
China Mobile Sounds Bullish Note
China Mobile said the total number of connections reached 1.229 billion, of which 887 million were mobile connections, 113 million were wireline broadband connections and 229 million were Internet of Things connections. IoT revenue rose 44% to 5.5 billion yuan
In 2018, the operator is aiming to take its total number of connections above 1.4 billion, partly by adding another 120 million IoT connections. source: China Mobile statement
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