ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

China Unicom still in mobile catch-up game

CEO Wang Xiaochu announced China Unicom’s first-half results on Aug. 17. (Photo by Joyce Ho)

HONG KONG - In spite of a turnaround during the first half of the year, mainland wireless carrier China Unicom appears to have a long way to go before drawing level with its two rivals.

The state-owned company announced on Wednesday that its January-June net profit reached 1.43 billion yuan ($215 million), recovering from a 3.36 billion yuan loss in the second half of 2015 that excludes a nonrecurring gain from divesting China Tower. But the figure was down 79.6% on the year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more