Why has SG&A grown by more than 300 percent while revenue has grown by only 22 percent since 2008 for this company and China Unicom? I understand there is not a direct link BUT spending three times as much to produce only a small gain seems funny to me.
Suspicious indeed. Below is a link to an article that claim that China Telecom is doing business with NIVS, a company that has been delisted for fraud. There were a lot of articles about this so called deal signed with China Telecom.
China Telecom Selects NIVS IntelliMedia's Mobile Phone as a Key 3G Promotion Product in China; First Month Sales Exceed $4 Million