China Mobile, Xinhua to Form Search Engine JV

China Mobile Communications Corp. and China’s state-run Xinhua News Agency on Thursday signed a framework agreement to launch a media and search-engine joint venture, Xinhua reported. Rainie Lei, a spokeswoman for China Mobile Ltd., the Hong Kong-listed unit of state-owned China Mobile Communications, confirmed the parent company had signed the agreement with Xinhua but declined to give details.

China Mobile Looks Attractive on Cheap Valuation, Dividend

China Mobile Ltd. may have been the worst performing blue chip stock in Hong Kong last year, but now may be an opportune time for investors to revisit the stock. An attractive dividend yield, cheaper valuation compared to its competitors, China Unicom (Hong Kong) Ltd. and China Telecom Corp., as well as improving growth prospects with the launch of more advanced third-generation telecom services likely means a much better year for the telecom operator in 2010.

China Mobile Counts on 3G for Its Growth

China Mobile Ltd., the world’s largest mobile operator by subscribers, is pinning its hopes on new third-generation services such as mobile television and mobile readers to drive growth amid increasing competition and falling voice revenue.