China Mobile buys 20% stake in mainland bank

China Mobile Buys 20% Stake Mainland Bank - Culture, Family, Travel, Consumer Reviews - Posted: 10th Mar, 2010 - 7:10pm

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Wireless and Mobile Technology
Post Date: 10th Mar, 2010 - 7:10pm / Post ID: #

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China Mobile buys 20% stake in mainland bank

China Mobile buys 20% stake in mainland bank (AFP)
Mobile / Iphone / Wireless News

Phone giant China Mobile said Wednesday it will pay about 5.8 billion US dollars for a 20 percent stake in Shanghai Pudong Development Bank as part of its bid to enter the wireless banking market.(AFP/File/Fabrice Coffrini)AFP - Phone giant China Mobile said Wednesday it will pay about 5.8 billion US dollars for a 20 percent stake in Shanghai Pudong Development Bank as part of its bid to enter the wireless banking market.



Source: Yahoo! News: Wireless and Mobile Technology

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