国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

China Mobile to challenge WeChat

By Shen Jingting | China Daily | Updated: 2013-04-17 09:18

China Mobile to challenge WeChat

An advertisement for Fetion, an instant-messaging service provided by China Mobile Ltd, in Yichang, Hubei province. A total of four subsidiary projects worth 638 million yuan are listed in the tender for operating the Fetion service, launched by the company. [Provided to China Daily]


China Mobile Ltd, the nation's biggest telecom operator, has launched public bidding for operating its Fetion service, an instant messaging tool similar to Tencent Holdings Ltd's WeChat.

Previously, Fetion was solely operated by Beijing Ultrapower Software Co Ltd.

China Mobile's move is seen by many analysts as a strategic step to restructure Fetion and take on Tencent's WeChat.

Growth Enterprise Board-listed Ultrapower applied for a one-day trading suspension for "potential major incidents" on Monday. The company resumed trading on Tuesday, but its stock price dropped by the daily limit of 9.99 percent, closing at 18.56 yuan ($3).

China Mobile's Guangdong branch is conducting the bidding process. Four subsidiary projects, worth 638 million yuan, are listed in the tender.

Zhang Qianshan, general manager of Ultrapower's strategic investment department, said China Mobile wants to enhance its presence in the mobile Internet sector.

"An open tender is to introduce competition, which will be good for Fetion's development," he said.

Li Zheren, an analyst with Beijing Gaohua Securities, expected Ultrapower to win the majority of contracts from China Mobile, based on its experience and talent pool.

"Before the announcement of the open tender result, there will be pressure on Ultrapower's stock price in the short term," he said.

Launched in May 2007, Fetion once enjoyed great popularity and attracted hundreds of millions of users in China.

However, the service faded out recently, largely due to strong competition from Internet companies such as Tencent and Sina.

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
杭锦后旗| 绥阳县| 长沙县| 西宁市| 香港 | 斗六市| 方正县| 苏州市| 星子县| 随州市| 许昌县| 长汀县| 灌云县| 正镶白旗| 周宁县| 朝阳县| 乐平市| 苏州市| 泰兴市| 本溪市| 青河县| 剑阁县| 新邵县| 抚顺市| 陇西县| 潜江市| 三河市| 宁强县| 利津县| 南和县| 柳江县| 淮安市| 左贡县| 普陀区| 措勤县| 东丰县| 新龙县| 林西县| 湛江市| 内丘县| 大田县|