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Stock Market & Financial Investment News

News Breaks
January 29, 2014
05:50 EDTCHL, WBAI500.com enters strategic partnership with China Mobile subsidiary
500.com (WBAI) announced that it has signed a strategic partnership agreement with China Mobile E-commerce, a subsidiary of China Mobile Limited (CHL), to expand the reach and ease with which payments can be made for the company's mobile sports lottery products. The agreement will provide easy and convenient payment services to users regardless of device, through China Mobile's vast network. According to the terms of the agreement, 500.com will work in close cooperation with each of China Mobile E-commerce's provincial branches, leveraging their on-the-ground knowledge of local market conditions to localize its mobile sports lottery products. The company will provide lottery purchase and information services to China Mobile users through its internet, mobile apps, WAP and SMS channels. 500.com will maintain full control of the product design, development, operation and promotion.
News For WBAI;CHL From The Last 14 Days
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August 27, 2015
10:57 EDTWBAIOptions with increasing implied volatility
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August 21, 2015
07:45 EDTCHLChina Mobile reported strong results, says Bernstein
Bernstein believes that China Mobile's first half results were strong, as its EBITDA rose by 7.2% and its operating revenue advanced 4.9%, although its net profit dropped 0.8%. Bernstein points out that its results were negatively impacted by changes in VAT taxation and its sales and marketing model. The firm thinks that the company's Q2 results improved versus Q1. Bernstein expects the company's results to improve further going forward, and it keeps an Outperform rating on the shares.
August 20, 2015
08:33 EDTCHLChina Telecom results 'relatively strong,' says Bernstein
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