Enterprise Sales Lift Huawei

Huawei reported a 16% year-on-year increase in revenue for 2017 to 603.6 billion Chinese yuan (92.5 billion US dollars based on year-end exchange rates). The growth was driven primarily by a 35% increase in Huawei's enterprise revenues to 54.9 billion yuan.  In 2017, Huawei spent 89.7 billion yuan on R&D, up 17% compared with 2016. source: Huawei statement

Tencent Enjoys Bumper 2017

Tencent reported a 56% increase in revenues in 2017 to 237.8 billion Chinese yuan (36.4 billion US dollars), driven by a 65% rise in advertising revenues and a 52% rise in value added services revenues generated by its social networks, which include QQ and WeChat.

Tencent said that its Tencent Video service achieved rapid growth in traffic and paying users, driven by the popularity of its exclusive drama series, movies and self-commissioned content. "We became the leading video streaming platform in China with over 137 million mobile daily active users during the fourth quarter and 56 million subscriptions as of the end of 2017," it added. source: Tencent statement

China Mobile Sounds Bullish Note

Boosted by its wireless data growth, China Mobile recorded operating revenue of 740.5 billion Chinese yuan (117 billion US dollars) for 2017, up 4.5% from 2016. It said revenue growth in telecommunications services achieved a six-year high of 7.2%, outpacing the industry average. Revenue from wireless data traffic, on a full-year basis, accounted for more than half of the total telecommunications services revenue for the first time.

China Mobile said the total number of connections reached 1.229 billion, of which 887 million were mobile connections, 113 million were wireline broadband connections and 229 million were Internet of Things connections. IoT revenue rose 44% to 5.5 billion yuan

In 2018, the operator is aiming to take its total number of connections above 1.4 billion, partly by adding another 120 million IoT connections. source: China Mobile statement