CHL Oct 2019 42.500 put

OPR - OPR Delayed Price. Currency in USD
0.4000
-0.7200 (-64.29%)
As of 3:27PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.6500
Open0.6800
Bid0.3500
Ask0.5500
Strike42.50
Expire Date2019-10-18
Day's Range0.5000 - 0.6800
Contract RangeN/A
Volume6
Open Interest237
  • Alibaba Stock is a Strong Buy Now — More Than Ever Before
    InvestorPlace

    Alibaba Stock is a Strong Buy Now — More Than Ever Before

    When it comes to diversified tech giant Alibaba (NYSE:BABA), being an investor comes with its share of harassment. Nevertheless, it's time to watch for a capitalist opportunity now that a key battle line has been crossed.Source: zhu difeng / Shutterstock.com For U.S. investors, profiting in Chinese stocks has been more challenging these days. Many large-cap stocks and industry leaders in China ranging from Tencent (OTCMKTS:TCEHY), to China Mobile (NYSE:CHL), China Life Insurance Company (NYSE:LFC) or China Petroleum & Chemical Corporation (NYSE:SNP) have produced lackluster or negative returns in their U.S.-listed American Depository Receipts. And certainly the trade war has been a drag on stock performance.But Alibaba stock has been different. That's not to say it's been easy. Still, the fact is BABA has gained about 23% in 2019. The return is more than the S&P 500's climb of 18% and towers above U.S. tech giant Amazon's (NASDAQ:AMZN) 13% year-to-date increase.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why is Alibaba Stock Different?So, what is the deal with shares of BABA? Alibaba stock has and continues to defeat investors' fears within this macro-charged environment. Most recently BABA stock toppled Street profit and sales forecasts in mid-August. * 7 Beverage Stocks to Buy Now To be certain, there's always going to be something or someone trying to get investors to back away from buying Alibaba despite its successes. For some that might include recent reports the U.S. is considering delisting Chinese stocks. And that threat can't be entirely ignored. Or maybe fake merchandise sales in the past or allegations of accounting shenanigans have prevented investors from taking action in BABA stock?Okay, so there's plenty of reasons not to buy BABA shares. But obviously those arguments don't include price performance. Most important, Alibaba stock continues to come out on top despite headline warnings and a challenging market for Chinese stocks. Now and with BABA crossing an important battle line on the price chart, it's time to put shares on the radar for a well-timed purchase. BABA Stock Weekly ChartAs noted above, capturing BABA stock's gains of around 23% hasn't been a walk in the park. And as expressed, bad press isn't likely to just disappear. The better news is I also don't believe Alibaba's impressive rally is finished. I see a solid entry for a risk-adjusted purchase of BABA stock.The weekly chart shows that since failing from a breakout attempt to new highs last year, Alibaba stock has established a corrective symmetrical triangle base. It's not perfectly formed with clear-cut pivots to define the pattern, but the essence of this bullish formation is there.Following last week's price action, shares of Alibaba are in position to confirm a bullish engulfing candlestick which puts BABA stock back above the 50% retracement level of the base, as well as the triangle's apex line. With stochastics in a pullback set-up in neutral territory and on the verge of signaling a bullish crossover, the situation looks all the more promising. How to Trade AlibabaI'd recommend buying Alibaba shares above $174.88. This entry waits for the BABA stock price to confirm last week's candlestick and reinforces the bias for continued upside in the bullish triangle pattern. If BABA rallies, a breakout through angular resistance near $185 might be watched for adding shares on strength and before looking to take partial profits in-between $195-$215.For containing downside exposure in Alibaba stock, I'd keep an eye on the weekly stochastics to continue to support the position and set a modified stop-loss beneath $165 for a stronger risk-adjusted exit that offers sufficient evidence off and on the price chart for closing the trade.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Alibaba Stock is a Strong Buy Now -- More Than Ever Before appeared first on InvestorPlace.

  • Hong Kong Protesters Rage Against Corporate China's Growing Control
    Bloomberg

    Hong Kong Protesters Rage Against Corporate China's Growing Control

    (Bloomberg) -- The black-clad protesters pushing back against China’s influence in Hong Kong aren’t just focusing on Carrie Lam and the police. They’re also targeting mainland-based brands such as Bank of China Ltd., China Mobile Ltd. and Huawei Technologies Co. with fire bombs, metal bars and spray paint.A walk down the primary route used by Hong Kong’s anti-government marchers shows how big a chunk of the city China owns. Mainland-affiliated supermarkets, drugstores, hotels, Pacific Coffee stores and McDonald’s outlets -- both franchises are operated by state-owned firms -- pepper the vicinity of skyscraper-lined Hennessy Road, the downtown artery connecting the Causeway Bay shopping district with government headquarters in Admiralty. Some of the businesses also occupy property owned by Chinese developers.These perceived outposts of President Xi Jinping’s government expanded their operations after the former British colony returned to Chinese rule in 1997, adding heft to Beijing’s political goal of integrating the semi-autonomous territory with the motherland. Their deepening presence stokes fears among protesters that Hong Kong soon will become just another Chinese city, deprived of the autonomy former Chinese leader Deng Xiaoping guaranteed until 2047.“Mainland Chinese companies are forming a group of entities which can be both economically and politically influential,” said Heidi Wang-Kaeding, who’s done research on mainland investment in Hong Kong and now teaches international relations at Keele University in Staffordshire, England. “That’s why this is shaking the local interest very much.”Hong Kong police said Monday a radio-controlled improvised explosive device was detonated near a police car on Sunday evening, the first time the use of such a device has been reported during months of unrest.The use of explosives marks a significant escalation in pro-democracy protests that started out peacefully in June, with hundreds of thousands of residents marching in the streets in opposition to a bill that would have allowed extraditions to mainland China.In recent weeks, protesters have set fires near police stations, hurled makeshift petrol bombs at riot police, and bashed in glass kiosks at train stations and storefronts tied to mainland Chinese businesses.As Chinese Communist Party leaders focus on solidifying control over the rebellious city, companies taking direction from the state likely will play an even bigger role in Hong Kong’s $363 billion economy. The city is sinking into a recession amid the riots, and Lam, the chief executive, may propose remedies during her annual policy address on Wednesday.In the past decade, the total amount of loans given by the Hong Kong-based unit of state-owned Bank of China in the special administrative region has more than doubled to $175 billion, and so have deposits to $257 billion.China Mobile, the world’s largest wireless carrier by subscribers, is among the four operators in the city, having cemented its position since buying a local provider more than a decade ago to gain entry into the market.Mainland-based developers such as Poly Property Group Co. and China Overseas Land and Investment Ltd. successfully bid for 11% of the land for sale last year in the world’s most-expensive real estate market, compared with about 5% in 2013. They bought almost 60% of residential land sold by the local government in the first six months of this year.In one high-profile deal, state-owned Poly Property and China Resources Land Ltd. successfully bid HK$12.9 billion ($1.6 billion) in June for a 9,500-square-meter parcel at Kai Tak, the former airport in the Kowloon district.Beijing-based Citic Ltd., a state-owned conglomerate, is part of a consortium that runs McDonald’s outlets in the city, and unit Dah Chong Hong Holdings operates car dealerships and Food Mart stores.With forays into retail, telecommunications and property development, mainland-based companies are also altering the city’s traditional business landscape. Homegrown tycoons such as Li Ka-shing and Lee Shau Kee, who built their empires by forging close ties with authorities in Beijing, may see that influence erode. Li, for instance, saw the writing on the wall some time ago and has been steadily reducing exposure to his home base.Over time, the economic balance of power will tilt more in favor of state enterprises and away from the local billionaires, said Michael Tien, a pro-Beijing member of Hong Kong’s legislature and a deputy to China’s National People’s Congress.“It will be very difficult for Hong Kong Chinese companies to fight mainland Chinese companies,” he said. “They are capital-rich and powerful.”But it isn’t just state-owned companies that are building a bigger presence in Hong Kong. In 2015, billionaire Jack Ma’s e-commerce giant Alibaba Group Holding Ltd. agreed to buy the South China Morning Post newspaper and related assets for HK$2.06 billion. Prominent Chinese smart-phone makers such as Huawei, Lenovo, Xiaomi and electronics retailer Suning have retail stores in the city.Mainland-based companies with consumer-facing businesses have been particular targets in the latest phase of the four-month-long protests, which were sparked by opposition to a proposed law allowing extraditions to China.Bank of China branches and ATMs have been firebombed and vandalized, including this past weekend and on the Oct. 1 anniversary of Communist Party rule in the mainland. Huawei and Lenovo stores also were ransacked during the weekend at a mall in suburban Sha Tin.At least two China Mobile stores were attacked Oct. 1 and 2, and a Xiaomi outlet had anti-China graffiti spray-painted on its walls. The local unit of China Construction Bank, which has more than 50 locations, suspended service at two branches because of protest-related damage, including smashed glass doors.At least one local-run business has lost its immunity. Maxim’s Caterers Ltd., which operates bakeries and some Starbucks outlets, is seeing stores vandalized after the founder’s daughter called the protests “riots” and supported the Hong Kong government in comments at the U.N. Human Rights Council last month.Maxim’s tried to distance itself from the comments and a spokeswoman said the group has never taken any political stance. Representatives for China Resources, Citic, the local units of Bank of China and China Construction Bank didn’t respond to requests seeking comments, while a spokesperson for China Mobile said the carrier is focusing on resuming services at the damaged stores.“Anything with a star on it is vulnerable,” Gavin Greenwood, an analyst with A2 Global Risk, a Hong Kong-based political-risk consultancy, said of mainland-affiliated businesses. He was referring to the Chinese flag.“They are extremely soft targets.”(Updates with report on radio-controlled explosive from fifth paragraph.)\--With assistance from Chloe Whiteaker, Demetrios Pogkas and Alfred Liu.To contact the reporters on this story: Bruce Einhorn in Hong Kong at beinhorn1@bloomberg.net;Shirley Zhao in Hong Kong at xzhao306@bloomberg.netTo contact the editors responsible for this story: Emma O'Brien at eobrien6@bloomberg.net, Sam Nagarajan, Michael TigheFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is China Mobile Limited  (CHL) A Good Stock To Buy?
    Insider Monkey

    Is China Mobile Limited (CHL) A Good Stock To Buy?

    Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]

  • Here is Hedge Funds’ 18th Most Popular Stock Pick
    Insider Monkey

    Here is Hedge Funds’ 18th Most Popular Stock Pick

    Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]

  • How 5G Revived Zombie Company and Made One Man $900 Million
    Bloomberg

    How 5G Revived Zombie Company and Made One Man $900 Million

    (Bloomberg) -- For most people, the transition to 5G means faster mobile data speeds, possibly up to 100 times quicker than the current standards. For Kim Duk-yong, it means amassing a fortune worth hundreds of millions of dollars.When South Korea became the first country to launch nationwide fifth-generation mobile services in April, Kim’s KMW Inc., a supplier of telecom equipment used in 5G networks, was a major beneficiary. Shares of the company surged sevenfold this year, boosting KMW’s market value to about $2.6 billion. The stock rose as much as 3.6% on Tuesday.Kim, who owns 36% of KMW along with his family, is now worth about $900 million, according to a calculation by the Bloomberg Billionaires Index that excludes shares pledged as collateral. He’s one of the first big winners of the shift to 5G that’s set to spread worldwide.It’s also a remarkable transformation for a company that had been mired in losses before sales more than doubled in the first half of 2019.Kim, 62, declined to comment. He told local media in August that some people were beginning to write off his company.“We were even called a zombie company by banks,” Kim was quoted as saying by ZDNet Korea, a technology news website. “Things have got better with the launch of 5G networks.”South Korea’s science and technology minister at the time, You Young-min, visited KMW in Hwaseong, a city south of Seoul, last month as part of checks on small and medium enterprises after the start of 5G services. Kim told the minister that demand for KMW’s products had surged, with revenue increasing 113% in the first half of 2019 from a year earlier, according to the ministry’s press release.KMW makes radio-frequency components for base stations. Its main customers include 5G infrastructure providers such as Samsung Electronics Co. and Nokia Oyj. The company’s ability to mass produce filters, essential for 5G services, at lower costs gives it an edge over competitors, according to a KMW spokesman.South Korea has seen a rapid expansion of 5G services since April, with the number of subscribers surpassing 2.5 million and more than 89,000 base stations in operation as of last month.China ProspectsKMW has room to grow outside South Korea as well, according to analysts. In the Chinese market, the government granted 5G licenses to wireless carriers in June. KMW supplies ZTE Corp., the smaller Chinese rival of telecom-gear giant Huawei Technologies Co.“5G spending by China’s big three operators is much larger than that of South Korea,” said Kim Hong-sik, an analyst at Hana Financial Investment Co. in Seoul who rates the stock a buy. “KMW provides its products to the largest one, China Mobile, through ZTE. Its exports to China are expected to increase further in line with the country’s preparation for 5G.”KMW also manufactures LED lights, which make up 10% of its revenue, according to its 2018 annual report. In 2015, the New York Yankees chose the company to install lights at its stadium.The stock surge has pushed up valuations, with KMW now trading at about 18 times book value. Still, all five analysts covering the stock recommend buying more. One risk to the company is how things will unfold in China, including a possible delay in 5G buildup because of a consumption slowdown, according to Wangjin Lee, an analyst at Ebest Investment & Securities Co.Wary LendersIt wasn’t Kim’s dream to become an entrepreneur. As an electronic engineering student in Seoul, he wanted to study more to become an academic. But he couldn’t afford to stay in school, so he entered the job market, working at companies including Samsung’s joint venture with Hewlett Packard before starting KMW in 1991.Kim founded the company with money from selling his apartment, and could only afford to hire one employee. Before this year, KMW incurred losses as Chinese competitors flooded the market with cheaper prices. That prompted banks to become wary of transactions with KMW, Kim told E-daily, a local newspaper, in a May interview.“I experienced how banks take the umbrella away when it rains,” Kim said. “I’ve been striving to show how a zombie company can survive.”(Updates with Tuesday’s share move in second paragraph.)To contact the reporter on this story: Yoojung Lee in Singapore at ylee504@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Tom Redmond, Peter EichenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is 5G a Tailwind or a Headwind for Nokia Stock?
    InvestorPlace

    Is 5G a Tailwind or a Headwind for Nokia Stock?

    The price action for the last two months is a perfect representation of the opportunity and risk behind Nokia (NYSE:NOK). On one hand, you have the societally and economically transformative potential of the 5G network bolstering the longer-term argument for Nokia stock. But on the other hand, fundamental and competitive risks cloud that narrative.Source: RistoH / Shutterstock.com In July of this year, I voiced my doubts about Nokia stock. Primarily, I cited the lack of technical enthusiasm as a risk factor. Although the company has been wheeling and dealing, securing contracts with big players like China Mobile (NYSE:CHL), Sprint (NYSE:S), T-Mobile (NASDAQ:TMUS) and BT Group (NYSE:BT), the enthusiasm had failed to reflect themselves into the equity value. As a result, NOK stock has been rangebound since the spring of 2016. Naturally, this doesn't inspire confidence. * 7 Triple-'F' Rated Stocks to Leave on the Shelf However, I was quickly proven wrong. In Nokia's second quarter of 2019 earnings report, the telecom firm produced a surprising beat. While consensus forecasts called for earnings per share of 0.03 euros, NOK delivered 0.05 euros. Moreover, the company generated $6.34 billion in revenue, up 7% from the year-ago quarter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter the disclosure, the Nokia stock price skyrocketed (though not enough to break NOK out of its 3-year trading range).But it wasn't just the print that satisfied investors. In past years, Nokia's business along with the competition soured after 4G network sales peak. But with the 5G rollout, the new technology offers a fresh cycle for telecom firms. That's what Nokia's results confirmed, justifying the spike in NOK stock.Still, the bullishness was short lived. Nokia stock plummeted and has only recently started to look alive. So, which narrative is going to win out? Tailwinds for NOK Stock Are Interesting, but so Are the RisksUndoubtedly, the 5G narrative for NOK stock is alluring. As InvestorPlace contributor Theodore Kim pointed out, we're in the early stages of a global rollout. As he put it:The market for 5G will likely not take off until 2020. But when it does, users across the globe will need a brand new 5G standard smartphone. Carriers will sink billions into new 5G equipment. And Nokia will be positioned front and center in offering the new hardware across the globe.As a standard is established for this next-generation tech, only Nokia and Huawei will find themselves with comprehensive product and service solutions. But as we all know, Huawei is at the heart of a security debate that has underlined the U.S.-China trade war. The U.S. accuses Huawei of being a conduit for China-sponsored espionage.Of course, that benefits NOK stock, at least on the public relations front. No one is accusing the company of any such breach of trust. More importantly, this controversy gives Nokia an opportunity to work some uncontested deals.But the problem here is that they're not uncontested. Yes, 5G is a transformative innovation, one that augurs well for NOK stock. But it also provides the same opportunities for the competition. For example, regional rival Ericsson (NASDAQ:ERIC) isn't going to stand by and let Nokia have all the fun.From a share price perspective, both telecom stocks have similar dynamics, largely going rangebound over the last few years. Both are eager to capitalize on the 5G rollout. As such, a risk exists that the two will engage in a price war, which would hurt profit margins.Plus, a recession in Europe would exacerbate this possible contentious situation. 5G Isn't Exactly PerfectAlthough I'm bullish on many companies that are levered to the 5G rollout, it's important to realize that it's not a panacea for underperforming organizations.While the tech generates excitement, the rollout itself has been somewhat slow. A big part of that is the expense involved in upgrading equipment to accommodate the new signals. Also, because the 5G waves are shorter and more intense, they require different cell infrastructure compared to 4G.Ironically, another costly factor is security. With or without Huawei, 5G requires advanced network safety protocols. That eats into profitability, negatively impacting companies that are fiscally sensitive.Overall, though, you cannot dismiss the excitement factor of the rollout. Thus, we could very well see the kind of momentum that lifted Nokia stock following Q2. But it's also fair to bring up the long-term wildness in NOK. It really hasn't earned investor trust. * 7 Worst Stocks in the S&P 500 in 2019 Therefore, if you want to speculate on the emotions of 5G -- and not necessarily its fundamentals -- I must say that shares look interesting. That said, do make sure to pocket profits. The longer-term charts tell us that this will probably not be an easy ride.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post Is 5G a Tailwind or a Headwind for Nokia Stock? appeared first on InvestorPlace.

  • China Mobile May Tie Up With Huawei to Buy Brazilian Carrier
    Zacks

    China Mobile May Tie Up With Huawei to Buy Brazilian Carrier

    China Mobile Limited (CHL) is mulling to enter the Brazilian market by acquiring Oi to tap growth opportunities from 5G roll-out across the country.

  • Bloomberg

    Huawei, China Mobile May Tie Up to Bid for Brazil’s Oi, O Globo Says

    (Bloomberg) -- Huawei Technologies Co. and China Mobile Ltd. are exploring a partnership to bid for Brazilian phone company Oi SA, O Globo Newspaper reported, without citing a source.Huawei, the phone maker caught in disputes between China and the U.S., is seeking the bid as an opportunity to enter the Brazilian market and expand its reach for 5G technology, the newspaper said. The plan also comes as the Brazilian government wants a solution for the indebted company, O Globo added.Oi declined to comment on the report, while officials at Huawei and China Mobile couldn’t be reached after regular office hours.Speculation of the bid comes as Brazil’s Senate approved a bill to update the country’s obsolete framework for telecommunications, paving the way for Oi to implement a plan to sell up to $2 billion in non-core assets. Earlier this week, Suno Notícias reported that China Mobile has filed a request to operate in Brazil and eventually acquire Oi. The country’s telecom regulatory agency Anatel said Sept. 17 it didn’t have any official information regarding the request.The Senate’s approval also sparked speculation of talks between the Brazilian carrier and other companies. In the past week, Telecom Italia SpA and Telefonica Brasil SA both denied reports in the Brazilian media that they’re in talks with Oi.The Rio de Janeiro-based telecom operator wants to sell assets including its African unit Unitel SA and focus on the last mile of its fiber-optic network, Brazil’s largest, to get revenue growing again as it enters the last phase of a two-year judicial recovery plan.Oi posted a loss of 1.56 billion reais ($376 million) last month and said it burned about 2 billion reais of cash in the second quarter, even as investors are still recovering from the company’s $19 billion debt restructuring in December 2017. The results prompted the phone giant’s largest shareholder to seek a replacement for a new chief executive officer.(Updates with regulator’s comment on earlier report on China Mobile in fourth paragraph.)To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.netTo contact the editors responsible for this story: Juan Pablo Spinetto at jspinetto@bloomberg.net, Ian FisherFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Huawei’s New Android Phone Lacks Luster Without Google Apps

    (Bloomberg) -- The impact of the Trump administration’s blacklisting of Huawei Technologies Co. was laid bare as the Chinese company unveiled a flagship Android-powered smartphone that lacks any licensed Google apps.Announced at an event in Munich on Thursday, the Huawei Mate 30 and Mate 30 Pro mark the brand’s first top-of-the-range device launch since it was forbidden in the spring from trading with American partners.Huawei Consumer Group Chief Executive Officer Richard Yu remained upbeat on stage during the company’s presentation, promising the phone would be a technological powerhouse with an unmatched new camera system.In May, the U.S. government blacklisted Huawei -- which it accuses of aiding Beijing in espionage -- forcing chipmakers, software developers and other component manufacturers to stop selling critical smartphone parts to the company.The ban’s reach affected Alphabet Inc.’s Google, maker of the Android mobile operating system, which is why the new Huawei phone doesn’t have apps such as Google Maps, YouTube or the Google Play Store. The Mate 30 Pro runs on a version of Android that’s free and open-source, meaning companies don’t need a license from Google to use it. Huawei calls its edition EMUI10. But without the all-important Play Store app repository, it’s still a barebones Android version underneath.Consumers will be able to manually “side-load” some Google apps, or use available web versions, Richard Yu told reporters after the launch event.“We’re trying to make it okay for consumers but we need time to solve this issue,” he said. “The consumer can make a compromise. It’s a balance.”On the inside, the Mate 30 Pro runs on the new Kirin 990 5G processor, made by Huawei subsidiary HiSilicon, which packs more than 10.3 billion transistors into a space the size of a fingernail. The chip also combines a graphics processor, a 5G modem and dedicated neural processing units for accelerating artificial intelligence tasks into one.Huawei and Samsung’s New 5G Chips Pose Threat to QualcommYu said Huawei’s testing on the China Mobile network showed the Mate 30 Pro able to achieve 5G download speeds of about 1,500 megabits-per-second -- a figure that far outstrips the average figures possible even on most domestic fixed line internet connections in the U.S. and Europe.Commenting ahead of Thursday’s launch, CCS Insight analyst Ben Wood said Huawei’s strong brand in Europe meant there “will be a market for any new products,” given the company’s “good track record in slick design and leading edge features such as multiple cameras.”“However, not having Google services will mean it’s a huge challenge for customers,” he added.Other features of the Huawei Mate 30 Pro include:A 165 millimeter (6.5 inch) OLED screenA quad-camera array with uncommonly large image sensors for a smartphone that capture photos at 40 megapixels, as well as ultra-slow-motion video at 7,680 frames per secondA powerful octa-core CPUWater and dust resistantA 4,500mAh battery and wireless chargingThe Mate 30 and Mate 30 Pro will go on sale in China next week and in Europe next month, costing 799 euros ($884) and 1,099 euros respectively.Yu also announced Huawei’s folding phone, the Huawei Mate X, will go on sale in China in October. First announced in February, the phone supports next-generation 5G networks and is the second folding phone from a major manufacturer to go on sale this fall -- Samsung released the Galaxy Fold on Sept 6. It’ll be available in Europe next year, Yu said.(Updates with CEO quotes in 6th paragraph, pricing in penultimate.)To contact the reporters on this story: Nate Lanxon in London at nlanxon@bloomberg.net;Oliver Sachgau in Munich at osachgau@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire

    Global Operators Collaborate with Industry Partners to Facilitate O-RAN Testing and Integration

    Leading Tier 1 operators driving a common goal to accelerate multi-vendor, open and disaggregated next gen 5G wireless infrastructure by providing test and integration centers to facilitate product readiness. ...

  • Senators want FCC to review Chinese telecom approvals to operate in U.S.
    Reuters

    Senators want FCC to review Chinese telecom approvals to operate in U.S.

    Two U.S. senators on Monday asked the FCC and national security agencies to review whether two Chinese state-owned telecom companies should be allowed to operate in the United States, at a time of heightened concern about possible Chinese spying. Senate Democratic Leader Charles Schumer and Senator Tom Cotton, a Republican, asked Federal Communications Commission chairman Ajit Pai to review approvals in the early 2000s that allow China Telecom and China Unicom to operate in the United States.

  • Reuters

    UPDATE 2-Senators want FCC to review Chinese telecom approvals to operate in U.S.

    Two U.S. senators on Monday asked the FCC and national security agencies to review whether two Chinese state-owned telecom companies should be allowed to operate in the United States, at a time of heightened concern about possible Chinese spying. Senate Democratic Leader Charles Schumer and Senator Tom Cotton, a Republican, asked Federal Communications Commission chairman Ajit Pai to review approvals in the early 2000s that allow China Telecom and China Unicom to operate in the United States.

  • 6 Guru Stocks With Negative Performances
    GuruFocus.com

    6 Guru Stocks With Negative Performances

    Exxon Mobil tops the list Continue reading...

  • Huawei and Samsung’s New 5G Chips Pose Threat to Qualcomm
    Bloomberg

    Huawei and Samsung’s New 5G Chips Pose Threat to Qualcomm

    (Bloomberg) -- Samsung Electronics Co. and Huawei Technologies Co. took turns announcing new mobile processors at the IFA technology show in Berlin last week, and the big thing the new chips have in common is an integrated 5G modem.In a market dominated by U.S. rival Qualcomm Inc., the world’s two biggest smartphone manufacturers asserted a lead in delivering one of the keys to unlocking widespread availability of 5G devices. A system-on-chip that integrates the applications processor and a fifth-generation wireless modem significantly reduces the space and power requirements compared to existing solutions that use two separate chips.Qualcomm has such models on its 2020 road map, but this past week Samsung announced it’s planning mass production for its alternative at the end of 2019 and Huawei is moving even faster, promising to release its most advanced processor with the Mate 30 Pro smartphone on Sept. 19.The Kirin 990 5G from Huawei subsidiary HiSilicon is built at Taiwan Semiconductor Manufacturing Co. and packs more than 10.3 billion transistors into a space the size of a fingernail. It includes a graphics processor, an octa-core CPU, and the all-important 5G modem, along with dedicated neural processing units for accelerating artificial intelligence tasks.At Huawei’s Berlin launch event, consumer group Chief Executive Officer Richard Yu showed the high-end 990 5G achieving real-world download speeds on China Mobile’s network in excess of 1.7Gbps. That’s fast enough to download high-definition movies and demanding 3-D games in a matter of seconds.Samsung’s approach with its Exynos 980 is to target the mid-range. Along with 5G capabilities, this new chip integrates 802.11ax fast Wi-Fi along with Samsung’s own NPU. It won’t run apps and games quite as quickly as flagship chips, but should help the South Korean company garner a slice of the more mainstream market before Qualcomm brings out an armada of new 5G-capable chips next year.Samsung’s emphasis on this part of the mobile market was also signaled by its launch of the Galaxy A90 this month, one of the earliest examples of a mid-range device with 5G.Huawei’s Next Flagship Phone Set to Sink Without Google Apps (1)For its part, Qualcomm is promising to cover the entire range of price points and mobile device types with its 5G portfolio in 2020, however the world’s premier mobile chip designer is finding itself behind its faster-moving rivals.While Huawei is “pushing to show tech leadership,” the company has “made sacrifices in order to make an integrated SOC,” said Anshel Sag, mobile industry analyst at Moor Insights & Strategy. He cited the chip’s lack of support for mmWave -- the high-frequency 5G favored by U.S. carriers AT&T Inc. and Verizon Communications Inc. plus some European ones -- as an example. The Kirin 990 5G is fast by today’s standards and a great upgrade for Huawei’s upcoming devices in China, but Sag said it’ll find itself outpaced by rivals in 2020.The silver lining to the trade war for Qualcomm, however, is that Huawei’s Mate 30 Pro will struggle to sell in Europe so long as the Trump administration prevents it from offering Google services on new phones. Irrespective of how fast and advanced its Kirin 990 5G may be, the trade war will prevent Huawei from fully capitalizing on its capabilities and may, in fact, push the company to license the chip out to other smartphone vendors, such as Lenovo Group, which is not subject to the same sanctions.If the U.S. keeps Huawei on its blacklist, preventing it from buying American technology, the company faces further chip challenges. To develop successors to the Kirin 990, it needs to license the latest designs from SoftBank Group’s ARM, but that company discontinued work with Huawei because of the U.S. ban.(Updates with analyst comment in the third from last paragraph.)To contact the reporter on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Nate Lanxon, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 3 Stocks That Are Absurdly Cheap Right Now
    Motley Fool

    3 Stocks That Are Absurdly Cheap Right Now

    It’s time to get greedy with these three stocks.

  • Alibaba-Backed AI Startup Sales Tripling Paves Route to IPO
    Bloomberg

    Alibaba-Backed AI Startup Sales Tripling Paves Route to IPO

    (Bloomberg) -- Megvii Technology Ltd. for the first time revealed the stunning growth fueled by a nation’s obsession with security.The Alibaba Group Holding Ltd.-backed startup tripled revenue to 949 million yuan ($133 million) in the first half. It generated more than 73% of those sales from AI services for major clients like government agencies, hospitals and real estate developers, the company said in a filing to the Hong Kong Stock Exchange.Seven-year-old Megvii is said to be angling to raise as much as $1 billion in its initial public offering, becoming the first of China’s fast-rising AI stars to debut and beating Sensetime Group Ltd. to the punch. Its share sale however will run up against a host of uncertainties from violent pro-democracy protests that’ve gripped Hong Kong to the Trump administration’s increasingly aggressive campaign to contain China’s tech champions.Megvii is moving forward even as other companies pump the brakes on their Hong Kong listing ambitions, wary of the turmoil. Its fundraising will further Beijing’s effort to lead the sector by 2030. That’s in turn prompting the Trump administration to sound the alarm about investment into Chinese technology.Megvii generates the bulk of its revenue from products that combine software and sensors to help government agencies and other clients enhance public safety and optimize traffic management. Sales from that business, which it labeled “city IoT solutions,” jumped 270% to 694.8 million yuan in 2019’s first six months. Megvii said it served 112 cities in China, 38% of the country’s total, as of June. It posted 5.2 billion yuan in losses for the first half, while adjusted profit reached 32.7 million yuan.‘IPOs‘ have been pretty disappointing in the past few months, but since AI is a hot category at the moment it could gain more traction,” said Mark Tanner, founder of Shanghai-based research and marketing company China Skinny.Read more: China AI Startup Files for Hong Kong IPO Despite ProtestsThe filing kicked off the formal process for an IPO, though it could be months before Megvii’s actual debut. The offering faces particular challenges. Washington has upped its rhetoric about inspection of investment into Chinese technology, which may erode the interest of U.S. money managers in the country’s AI startups.In a list of risk factors, Megvii warned of possible economic and trade restrictions similar to curbs imposed on Huawei Technologies Co. Should that happen, it would prevent the company from procuring technology, and impair its ability to develop solutions. The company stressed that it’s made sure it’s compliant with relevant restrictions, while making contingency plans to minimize the negative impact of potential curbs.Read more: Trump Aides Say He Has Power to Force Companies From China (2)Megvii also warned that sanctions on sales of American technology to Huawei may roil industries from consumer electronics to telecommunications. “Prolonged restrictions against Huawei could cause a turmoil to all such industries, which may in turn materially and adversely affect our business,” it said.Megvii also sells face-scanning systems to companies from iPhone-maker Foxconn Technology Group to Lenovo Group Ltd. and Ant Financial, the payments affiliate that supports Alibaba’s e-commerce business. The company generated 207.2 million yuan from the segment it dubs “personal IoT solutions,” or 21.8% of its revenue. Its third major business line, solutions for logistics that deploy AI-empowered robots and sensors, made up some 5% of revenue.Megvii counts Alibaba and its financial affiliate Ant Financial, Lenovo Group Ltd. and China Mobile Ltd. as strategic investors. Alibaba indirectly held 14.3% of its shares, while Ant Financial indirectly held 15.1%.Read the IPO filing here.(Updates with analyst’s comment in the fifth paragraph)To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Motley Fool

    The Better Dividend Stock: China Mobile vs. HKT Trust

    Is China's leading telecoms operator a better dividend investment than Hong Kong's dominant mobile services provider?

  • Will the 5G Revolution Bring Upside to Nokia Stock?
    InvestorPlace

    Will the 5G Revolution Bring Upside to Nokia Stock?

    Nokia (NYSE:NOK) stock saw a brief pop last month thanks to an earnings beat … but can that move in NOK stock last much longer?Source: Shutterstock The release of second-quarter financials on July 25 boosted shares from $5.18 per share up to $5.60 per share. However, since then, Nokia stock has fallen back to about $5.40 share.Increased demand for 5G technology helped improve sales 7% year-over-year. But the company continues to post net losses due to restructuring and impairment charges. With a turnaround still in progress, is NOK worth a buy today?InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the company has positive catalysts in the works, Nokia has missed the mark many times in the past. Let's take a closer look, and see if there is additional upside for Nokia stock. NOK Earnings: A Deeper LookThe company's financials are clouded by goodwill impairment and amortization charges. This is primarily related to the company's 2016 merger with Alcatel-Lucent. There are also restructuring charges related to their cost savings plan. With this in mind, let's take a look at the company's adjusted earnings. Adjusted (non-IFRS) operating profits exclude these charges. This provides a clearer picture of Nokia's operating performance. Non-IFRS operating profits were up 35% year-over-year. Adjusted earnings-per-share (EPS) of 0.05 euros were up 67% from the prior year's quarter. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% With annual cost savings of $700 million euros anticipated by 2020, the company has runway to improve operating margins. In terms of organic growth, the 5G revolution provides plenty of gas to grow revenues. Nokia's full-year outlook projects adjusted EPS of 0.25-0.29 euros. The company anticipates additional earnings growth in 2020, with projected adjusted EPS of 0.37-0.42 euros/share for next year.As InvestorPlace contributor James Brumley pointed out last month, Nokia has been landing 5G contracts left and right. NOK has signed over 42 end users, including China Mobile (NYSE:CHL), China Unicom (NYSE:CHU) and Sprint (NYSE:S). But the company still needs to execute. This presents a material risk for NOK stock. The company has set up high expectations. If they fail to deliver, new opportunities could dry up, sending NOK shares lower.There are additional risks to consider. As 5G reaches critical mass, competition will likely heat up. The U.S.-China trade war could accelerate, negatively impacting Nokia's business in both countries. But what does this mean for investors entering Nokia stock today? Can they enter the stock at a discount, or will they have to pay a premium? Let's take a look at the valuation of NOK stock, and see how it stacks up to peers. Nokia's ValuationNOK stock currently trades at a trailing twelve month Enterprise Value/EBITDA (EV/EBITDA) ratio of 10.1. This is a slight discount to competitors such as Cisco (NASDAQ:CSCO), which trades at an EV/EBITDA ratio of 13.8. Nokia stock also trades at a discount other telecom equipment manufacturers. LM Ericsson (NASDAQ:ERIC), for example, trades at an EV/EBITDA ratio of 11.6; Motorola Solutions (NYSE:MSI) trades at an EV/EBITDA ratio of 16.7.It is important to note that NOK has lower EBITDA margins. The company's EBITDA margins are 11.4%, which pales in comparison to both Cisco and Motorola Solutions. Cisco has EBITDA margins of 30.8%. Motorola Solutions has EBITDA margins of 26.2%. However, the company's operating margins are in line with LM Ericsson, which has an EBITDA margin of 9.8%.But is this discount warranted?Nokia has dropped the ball many times in the past. This under-performance has burned contrarian investors trying to call a bottom. Is the 5G revolution Nokia's "this time it's different" moment? The company faces many risks in executing the 5G rollout. But much of this negative sentiment is priced into shares, as seen by the discount to peers. This means investors could see tremendous upside if the company's 5G sales meet expectations.Nokia stock presents a high risk/high return opportunity for investors. But does this make the stock a screaming buy? While the company's future prospects are not set in stone, the positive catalysts in play make this opportunity a strong buy for long-term investors. * 7 Stocks the Insiders Are Buying on Sale Bottom Line on NOK StockNokia releases third-quarter earnings in late October. This gives investors several months to enter a position in NOK stock before additional information makes the bull case (or bear case) for shares. NOK trades at a discount to peers. If they can execute 5G successfully, the company's fortunes could materially improve. This would be a shot in the arm for Nokia stock.As it stands now, what's the play with NOK?In the short-term, investors may be not see upside. Shares will likely trade sideways, pending new developments on the 5G front. However, long-term, Nokia may be the right contrarian play in the telecom space. For investors looking for speculative opportunities in large-cap stocks, Nokia stock may just be a buy.As of this writing, Thomas Neil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post Will the 5G Revolution Bring Upside to Nokia Stock? appeared first on InvestorPlace.

  • Tempting as It May Be, Nokia Stock Isn’t Going Anywhere
    InvestorPlace

    Tempting as It May Be, Nokia Stock Isn’t Going Anywhere

    Ever since Apple (NASDAQ:AAPL) launched its now-iconic iPhone, Nokia (NYSE:NOK) has been in crisis mode. Of course, what has consistently dragged on the company is that it has never really left that mode. Nokia stock peaked around the $40 level in 2007. Today, you can pick up shares for a little over $5. Source: Shutterstock Of course, with such a low price point, this attracts contrarian buyers. After all, we're talking about Nokia stock, not some nameless, faceless upstart tooling around in the pink sheets. True, the Nokia brand isn't anywhere near as relevant as it once was. However, the Finnish telecom firm very much has clout.This is evident through the company's many wheeling and dealings. Recently, NOK announced that China Unicom (NYSE:CHU) selected Nokia's solution for the Chinese telecom's 4G and 5G networks . Significantly, China Unicom has a very ambitious target to deliver 5G wireless connectivity within this year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Plus, Nokia stock benefits from geopolitical tailwinds. Earlier this year, I wrote that our own telecom giant AT&T (NYSE:T) has "critical value beyond the print."Primarily, what underlines the U.S.-China trade war is the two sides' rush to dominate next-generation technologies. Thus, companies like AT&T represent more than just capitalistic concerns; rather, they facilitate the pathway for these technologies to advance American interests.Second, the trade war has temporarily erased Huawei - the largest supplier of mobile network technology - from the picture. That gives an obvious opportunity for NOK, and by logical deduction, Nokia stock.And as our own James Brumley pointed out, Nokia has struck with multiple awarded contracts. But is that enough for NOK stock? NOK Stock and the FundamentalsAdmittedly, when I saw Brumley's contribution towards Nokia stock, I only read the headlines. But it was enough of a catchy one that I decided to look at the price chart before reading what my colleague had to say.Again, at $5, NOK stock is a very tempting mistress. Not only is it still a relatively well-known brand, but it's also levered to an extremely viable business. Everyone that's anyone is racing for 5G dominance. Moreover, 5G has serious geopolitical and even military implications.Such an environment suggests that the next-gen telecom network will provide robust revenue channels. That's especially true for Nokia if it can claim first-to-market advantages in specific regions or technical subsegments.And to Brumley's argument, Nokia is securing contracts with big names, such as China Mobile (NYSE:CHL), Sprint (NYSE:S), T-Mobile (NASDAQ:TMUS) and BT Group (NYSE:BT). Obviously, these are big tailwinds for NOK stock.But what isn't so appealing is trading sentiment. Specifically, Nokia has no discernible correlation with revenue trends. For instance, from the first quarter of 2013 through Q1 2019, Nokia shares and revenue had a correlation coefficient of -20%. Between Q1 2016 through Q1 2019, the correlation inversely strengthened to 34%. However, this is still not a statistically significant relationship. Click to EnlargeWhy does this matter? Because you really want your core investments to make rational sense. In other words, if Nokia's management says they're on a recovery path, I don't expect NOK stock to jump just on that alone. However, if Nokia proved its point through sales increases, I expect shares to steadily tick higher.Longer-term, that hasn't happened. For example, in Q4 2015, Nokia rang up only $3.95 billion in sales. Three years later, the company delivered revenue of $7.84 billion. Still, shares dropped on average from $6.31 to $5.57. Nokia Stock Is an Interpretive ArtworkIn my last article about NOK stock, I suggested that it was nothing more than a short-term trade. Largely, I feel the same way because of the lack of rationality in the market.However, I concede that this lack of rationality also presents an opportunity. To quote Brumley, Nokia "has gotten little to no credit for its newly-won contracts, as investors struggle to get past the company's disappointing first-quarter results."Perhaps the reason why Nokia stock has little correlation with the fundamentals is that most folks simply don't recognize the opportunity. Therefore, if you take the risk now, you potentially have a front-row seat to a massive recovery.But it could also mean that the markets have reason to doubt Nokia. Brumley even conceded that Q2 2019 numbers may not look great.And let's remind ourselves why Q1 figures were so disappointing: Nokia failed to supply 5G telecom equipment in time. Stated differently, if you buy Nokia stock, you're doing so on technical potential, not on proven fundamentals.As of this writing, Josh Enomoto is long T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Tempting as It May Be, Nokia Stock Isn't Going Anywhere appeared first on InvestorPlace.

  • Now Definitely Is Not the Time to Give up on Nokia Stock
    InvestorPlace

    Now Definitely Is Not the Time to Give up on Nokia Stock

    Nokia (NYSE:NOK) stock continues to struggle. Amid its most recent earnings disappointment, Nokia stock has fallen back toward the $5 per share level.Source: Shutterstock This price action merely keeps Nokia stock in the range in which it has traded for more than two years. However, the recent price action, as well as political factors, help to make it a more appealing equity for income investors.Nokia is no stranger to transformation. Nokia lead the market in cell phone sales before Apple's (NASDAQ:AAPL) iPhone made its phones obsolete. Also, the company began as a pulp mill in the 19th century and even made toilet paper as late as the 1960s. Given that change, the move from cell phones to 5G telecom equipment does not seem that dramatic.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, making the transition to a new industry and translating that into stock gains remain two different propositions. Here, NOK has stumbled amid stagnant stock growth and a huge earnings miss that has taken Nokia stock back to the $5 per share range. * 7 Retail Stocks to Buy That Are Down in 2019 In terms of stock growth, I think my colleague Luke Lango correctly pegged NOK as a "show me proposition." It still trades more than 80% below levels Nokia saw in its glory days before smartphones hit the market. Moreover, despite leading the way in 5G equipment, it has generated anemic revenue growth. Decline Boosted Nokia's payoutThat said, Will Ashworth has also pointed to the bright dividend prospects. The current 29-cent per share dividend yields over 5.6% as of the time of this writing. This greatly exceeds the payouts of peers such as Cisco (NASDAQ:CSCO) and Ericsson (NASDAQ:ERIC), both of whom have seen higher stock price growth than NOK over the last two years.I see a case for income-oriented investors buying NOK at these levels. The stock has traded in a range for the last 2.5 years. Earnings growth will provide the needed cash to maintain the payout. Also, while it does not sell at the absolute low point of this approximate $4 per share to $7 per share range, I see only limited downside. Nokia and the Trade WarMoreover, to Lango's point, NOK could get its chance to "show me" thanks to the U.S.-China trade war. Its domicile in Finland may work to the company's advantage. China Mobile (NYSE:CHL) had signed contracts with both Nokia and Ericsson for 5G equipment before negotiators announced a recent truce. Despite the dominance of China-based Huawei In that country, this shows that Chinese companies still want to establish relationships with key Western 5G vendors.Also, I think the on-again, off-again restrictions on Huawei could still help bring more business to NOK. The tenuous nature of the sanctions keeps Huawei under a cloud of uncertainty. Despite this change of heart, the Trump Administration could re-impose sanctions on Huawei at any time should trade talks break down.Communications firms can avoid this risk by choosing a vendor like Nokia. Although some companies will choose Ericsson, having one less competitor still helps NOK. While it still has much to prove, NOK appears well-positioned for dividend investors from both technological and political perspectives. The Bottom Line on Nokia StockNOK stock appears well-positioned to deliver returns for investors thanks to its dividend and the current political climate. Yes, other equities such as Cisco and Ericsson have delivered higher stock price growth in recent years.Still, the latest drop in NOK to the $5 per share range has taken its dividend yield above 5.6%. At nearly triple the S&P 500 average, this makes Nokia stock attractive to investors who need to generate cash.Furthermore, its base of operation in Finland keeps the company at arms-length from the U.S.-China trade war. Not only can it attract business in China, but it should also win clients in other countries from those fearful that Trump will again impose sanctions on Huawei.With a generous cash return now and possible stock appreciation coming later, NOK can serve investors well on two fronts as it helps to bolster the world's move into 5G.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs -- Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post Now Definitely Is Not the Time to Give up on Nokia Stock appeared first on InvestorPlace.

  • 3 High-Yield Stocks at Rock-Bottom Prices
    Motley Fool

    3 High-Yield Stocks at Rock-Bottom Prices

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  • China Mobile Hong Kong and ASTRI announce new partnership on IoT and Blockchain technology - Debut demonstration at the MWC Shanghai 2019
    PR Newswire

    China Mobile Hong Kong and ASTRI announce new partnership on IoT and Blockchain technology - Debut demonstration at the MWC Shanghai 2019

    HONG KONG , June 26, 2019 /PRNewswire/ -- The Hong Kong SAR government has stepped up its Smart City development efforts in recent years. Aligned with the increasing trends to leverage shared data, China ...