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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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July 14, 2014
10:00 EDTCHLOn The Fly: Analyst Upgrade Summary
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08:17 EDTCHLChina Mobile upgraded to Buy from Neutral at BofA/Merrill
July 11, 2014
07:16 EDTCHLChinese telcos confirm establishment of tower facilities joint venture
China Telecom (CHA) announced that the company, China United Network Communications (CHU) and China Mobile (CHL) entered into a promoters’ agreement to jointly establish China Communications Facilities Services Corporation Limited. The registered share capital of the tower venture is RMB10B. The three companies intend to subscribe for 2.99B shares, 3.01B shares and 4.00B shares of the tower company respectively in cash at a par value of RMB1.00 per share, representing a shareholding percentage of 29.9%, 30.1% and 40.0%, respectively. The tower venture company will primarily engage in the construction, maintenance and operation of telecommunications towers, and will also engage in the construction, maintenance and operation of ancillary facilities such as control rooms, power supply systems and air conditioning systems of base stations, etc and indoor distribution systems as well as the provision of outsourcing maintenance services for base station equipment. At present, the respective parties are at a preliminary stage of considering potential injections of certain telecommunications assets into the tower company, China Telecom stated.
July 10, 2014
14:14 EDTCHLChinese telecom companies to cut marketing spending, WantChinaTimes says
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07:04 EDTWBAI500.com's Chief Risk Officer resigns
500.com announced that Mr. Anthony Liu will resign from his post as Chief Risk Officer and Investor Relations Director effective July 14. Mr. Liu will pursue other professional opportunities. 500.com has begun a search for Mr. Liu's replacement.

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