profit

China Unicom Says 2010 Profit Down On 3G Costs

One of China’s three state-owned enterprises offering phone carrier services, China Unicom, announced that its profits fell 60% in 2010 because it spent heavily to popularize its new 3G service. From MSNBC: Profit was 3.8...

For Chinese Athletes, Western-Style Perks

“As China embraces capitalism, its athletic teams are cashing in.” From the Washington Post: The national men’s field hockey squad, for one, has been eager to collect. Twenty years ago, before the rise of...

Air China Profits Rise 2,000% – Jamil Anderlini

From Financial Times: Air China on Wednesday said profits soared in the first half due to the strengthening Chinese currency, investment gains and a booming travel market. The carrier said its net profit increased more than 2000 per cent to at least Rmb900m ($119m) for the first six months, up from the Rmb45m it reported […]

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