...PCCW Limited (Pacific Century Cyber Works) is the holding company of HKT (Hong Kong Telecom) Group Holdings Limited. It is a Hong Kong based information and communications technology (ICT) company. PCCW also holds a majority interest in Pacific Century Premium Developments Limited. PCCW is headquartered in Hong Kong and operates in Europe, the Middle East, Africa, the Americas, mainland China, and other parts of Asia. The main business of PCCW is carrying telecommunications services, media and IT businesses in Hong Kong. PCCW shares are listed on Hong Kong Stock Exchange SEHK: 0008, and traded in the form of American depositary receipts on the OTC Pink market in the United States (Ticker: PCCWY). Also, PCCW/HKT was the first quadruple play provider in Hong Kong, and offers media content and services for fixed-line, broadband Internet, TV and mobile. The group sells to local and international business customers, as technical services and project outsourcing to network operators and public and private sector organization. In addition, PCCW Commercial Group provides ICT services to enterprises, such as electronic passport system e-PASS and the Smart Identity Card system for the Hong Kong SAR Government. PCCW is the largest and historic telecommunications service provider in Hong Kong. We are interested in how PCCW maintain their market position such as their influence in the telecommunications market while facing other competitors like China mobile and SmarTone. Because...
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...Case Background Golden Dragon Mobile Hong Kong Company Limited Overview China Golden Dragon Mobile Limited (CGDM) is a company listed on both the Hong Kong (HKEx) and the New York Stock Exchanges (NYSE). It is also a Chinese-government state-owned enterprise which has one of the world’s largest mobile phone subscriber bases. It is currently listed seventh in terms of market capitalisation on the HKEx. CGDM is the largest mobile telecommunications provider in China and one of the largest telecommunications companies in the world. Based in China, it has mobile networks in all 31 provinces, autonomous regions, directly-administered municipalities in Mainland China and in the Hong Kong SAR through these subsidiaries. Golden Dragon Mobile Hong Kong Company Limited (GDHK) is one of 33 wholly-owned subsidiaries of CGDM. This Hong Kong subsidiary began in 1996 and was the first Personal 1 Communication Service (PCS ) provider to launch services in Hong Kong under the brand “Dragon Magic Mobiles” (DMM). As the market leader in the Hong Kong PCS market, GDHK currently has 3.2 million mobile phone subscribers. It provides a range of communication services including mobile voice, international direct dialling and roaming, and wireless data which are dependent on advanced technologies including WAP, GPRS and EDGE. All of these are delivered through the well-established and respected Dragon Magic Mobiles brand. Capitalising on the strong support of its parent company, GDHK has launched a...
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...Case Background Golden Dragon Mobile Hong Kong Company Limited Overview China Golden Dragon Mobile Limited (CGDM) is a company listed on both the Hong Kong (HKEx) and the New York Stock Exchanges (NYSE). It is also a Chinese-government state-owned enterprise which has one of the world’s largest mobile phone subscriber bases. It is currently listed seventh in terms of market capitalisation on the HKEx. CGDM is the largest mobile telecommunications provider in China and one of the largest telecommunications companies in the world. Based in China, it has mobile networks in all 31 provinces, autonomous regions, directly-administered municipalities in Mainland China and in the Hong Kong SAR through these subsidiaries. Golden Dragon Mobile Hong Kong Company Limited (GDHK) is one of 33 wholly-owned subsidiaries of CGDM. This Hong Kong subsidiary began in 1996 and was the first Personal 1 Communication Service (PCS ) provider to launch services in Hong Kong under the brand “Dragon Magic Mobiles” (DMM). As the market leader in the Hong Kong PCS market, GDHK currently has 3.2 million mobile phone subscribers. It provides a range of communication services including mobile voice, international direct dialling and roaming, and wireless data which are dependent on advanced technologies including WAP, GPRS and EDGE. All of these are delivered through the well-established and respected Dragon Magic Mobiles brand. Capitalising on the strong support of its parent company, GDHK has launched a...
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...knowledge. In 1940, when he was 12 years old, his father Mr. Li Yunjing decided to move the whole family to Hong Kong. Though by doing so they could avoid the wartime turbulence in the mainland, the senior Mr. Li, in poor health, found it difficult to settle in a new place and passed away in 1943. This meant that when Mr Li Ka-shing was only 15, he had to shoulder the responsibility of supporting his mother and younger siblings. He first worked for a firm manufacturing watchstrap, then became a salesman of plastic products. Because of his hard work, he was soon promoted to manager and, later, general manager. In 1950, with his own savings, he set up a plastics factory named “Cheung Kong” on Hong Kong Island, thus beginning his illustrious career in the business world. In 1957, accurately foreseeing a growth in demand, he established Cheung Kong Industrial Company Limited, specializing in plastic flowers and toys. In the following year, he made his first venture into the real estate business and, by the age of 30, had made a name for himself in Hong Kong as a successful businessman. Today, Mr. Li controls four publicly listed companies, namely, Cheung Kong (Holdings) Limited, Hutchison Whampoa Limited, Cheung Kong Infrastructure Holdings Limited, and Hongkong Electric Holdings Limited, with a combined market capitalization of approximately HK$450 billion. Based in Hong Kong, the Group has major investments and operations in over 24 countries around the world, including the United...
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...De Montfort University City University of Hong Kong BA (HONS) BUSINESS ADMINISTRATIONS AND MANAGEMENT (121-29080) Corporate Strategy (Module code: BAMG 3108) Assignment Topic: Group Report Submit on: 20 November 2012 Name of Instructor: Mr. Eric Lam Name of Student (DMU Student No): (1) Kong Kwok Shing (DMU) P11013981 (SCOPE) 52810589 (2) Lai Ka Yi (DMU) P11014709 (SCOPE) 52810450 (3) Ng Yiu Ping (DMU) P11013811 (SCOPE) 52810332 (4) Wong Shu Kei (DMU) P110247X (SCOPE) 52810553 Table of Contents Page 1. Introduction 3 2. Macro-Environmental Analysis 4-7 3. Mobile Phone Industry Analysis 7-10 4. Critical Success Factors 10-13 5. Scenario Planning 13 6. Reference 14-15 7. Appendix 16-18 1. Introduction Nokia, one of the international communication and information technology company in the world which found in Finland. Their main products are phone and portable IT equipment. It also provides Internet services, including applications, games, music, media and communications through its Ovi platform, and free digital map information. Nokia is the largest vendor of mobile in the world since 1998 to 2008. However, in this past 5 years, Nokia has suffered declining market share because...
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...development of telecommunications has become, in recent years, a widely accepted part of orthodox thinking. Wellenius, Stern, Nulty and Stern (1989) illustrate the point. ‘How should privatization be defined?’ asks the International Finance Corporation (IFC, 1995). ‘A generous stance would admit any transfer of ownership or control from public to private sector. A more exacting definition would require that the transfer be enough to give the private operators substantive independent power.’ 1 Hence, by privatization is usually meant the transfer of state-owned assets to private sector ownership, management and control typified by the sale of part or all of the shares of a state owned (and operated) telecommunications enterprise (SOTE). We shall argue that the ‘more exacting definition’ is exactly appropriate for the experience of Western economies from which it originates - see below - while it is too narrow, too precise, insufficiently ‘generous’ to capture the less clearly defined lines of demarcation between public and private capital in the context of Asian telecommunications. We shall argue that this is because the delineation between state (political society) and civil society is less well developed in Asia, certainly less well articulated in law, and unevenly developed even within single large Asian countries. Rather, we shall use privatization as a broader concept to refer to the process through which private capital is brought into the public switched telecommunications network...
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...China Mobile (HK) Ltd…………….p.5 Overview of Hutchison…………………………..p.6 Overview of New World Mobility……………….p.7 Overview of SmarTone…………………………..p.8 Overview of Sunday……………………………...p.9 Overview of Verizon…………………………….p.10 Financial Ratio Analysis…………………..…p.11-19 Conclusion…………………………………...p.20-22 INTRODUCTION In this project, we aim to find out the most outstanding telecommunications company for investors to invest on by using financial ration analysis. The seven firms under investigation in this project are AT&T (US), China Mobile (Hong Kong) Ltd., Hutchison Telecommunications Ltd., New World Mobile Ltd., SmarTone-Vodafone, Sunday Communications Ltd., Verizon Communication (US). We are going to begin our analysis by a series of overviews on each firm and related processed data. It is then followed by a clear analysis on the financial ratio of each firm and finally a well-supported conclusion will be provided to end up this project. This project is carried out under certain assumptions. It is presumed that there are only 7 firms in the telecommunication market for our investor to make accurate calculation and recommendation. There is also an elimination of all other resources except the financial records, which are taken under consideration in this analysis. The conclusion generated is only based on one method of evaluation- financial ratio. AT&T The history of AT&T is in large measure the history of the telephone in the United States...
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...annual growth of five percent in an international market are attainable if Joe Smith chooses to enter the following countries ranked in order: Hong Kong, Saudi Arabia, and Australia. The method used to score the countries is based on taking the sum of the each of doing business rate and the inflation rate minus the GDP per capita percentage increase from 2009 to 2012. Ranked #1 is Hong Kong with a score of 2 + 3.7 – 22 = -16.3. As a result of this scoring method, Hong Kong is rated first when choosing a country for Blackberry to expand its market in. Having a fast-pace environment and with all its technological advancements, Hong Kong is one of the world’s most connected cities. They have experienced a fairly large increase in their GDP per capita at 22% over the past four years (2009-2012), while experiencing a low inflation rate of 3.7%. In addition, Hong Kong has a ranking of 2 on the Ease of Doing Business Index which has remained stable over the past five years. These factors contribute to determining whether or not the Blackberry Playbook 2 can succeed in the current environment. About 84% of Hong Kong’s population lives above the poverty line so already this suggests that majority of the population can afford to purchase cellphones as a commodity. There is a high usage value for cell phones with a penetration rate of 163%. Hong Kong is known to be one of the world’s most business-friendly regulatory environments with a transparent government and moderate tariff controls...
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...In year 1997, Hong Kong, the once part of Chinese Empire then became British colony, changed its status again to Special Administrative Region of the People’s Republic of China. The implications of this unique heritage, its transition and cultural identity have shaped Hong Kong into current tourism hub (Henderson, 2010). A survey conducted by Yuwa (2013) shows that Hong Kong ranked 9th in the top 20 global tourist’ destinations. However, competition has been heated up around the region lately. More countries including China (mainly Shenzhen and Zhuhai), Taiwan, and Southeast Asia countries (particularly Singapore and Thailand) are joining the league to attract high-net-worth travelers. The following paragraphs are about to explain both the competitiveness of Hong Kong and threats that may challenge its position as regional tourism hub. Well-connected ground transportation, world renowned airport and sheltered natural harbor contribute to the success of Hong Kong tourism. Hong Kong’s home carrier Cathay Pacific success in attracting millions of tourists to Hong Kong also attracts major airlines to expand flight network to Hong Kong International Airport. The airport is subsequently honored as one of the fully utilized, most efficient and competitive airport in the world (Strategic Access Limited, n.d.). Tam (1997) claims that the advanced infrastructure projects improving transport network, such as the Hong Kong International (Chep Lap Kok) Airport and the number three highway...
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...became Professor of Electrical Engineering and Director of the USC Communication Sciences Institute. Since September 1997 he has been with the University of Hong Kong, Hong Kong, where he is Associate Dean (Research) of Engineering, and Chair Professor of Information Engineering at the Department of Electrical and Electronic Engineering. He has also served as Managing Director of Versitech Ltd. the technology transfer and commercial arm of the University, and on various corporate boards. His research is in information technology, including all-optical networks, wireless networks, and Internet technologies and applications. Sought by government, industry, and academic organizations, he has lectured and consulted extensively around the world. Prof. Li chaired the Computer Communications Technical Committee of the IEEE Communications Society 1987-1989, and the Los Angeles Chapter of the IEEE Information Theory Group 1983-1985. He co-founded the International Conference on Computer Communications and Networks (IC3N), and chaired its Steering Committee 1992-1997. He also chaired various international workshops and conferences, including IEEE INFOCOM 2004 and IEEE HPSR 2005. Prof. Li has served as an editor of IEEE Network, IEEE JSAC Wireless Communications Series, IEEE Communications Surveys and Tutorials, and Telecommunication Systems. He also...
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...Company Law Cons Even though the Hong Kong Bribery Law acts effectively in anti-corruption compared to the mainland bribery law, there are still some loopholes, especially when compared to the UK Bribery Act and the US Foreign Corrupt Practices Act. Similar to the effectives of the Bribery Law, the defects of the HK bribery law also covers equality, enforceability, recourse efficiency and law as a reflection of community standards and expectation four aspects, and each will be discussed with relevant cases. 1. Equality 2.1 Foreign bribes With the prevalence of overseas corruption, most of the countries have set specific regulation against foreign bribes. For example, both the UK Bribery Act and the US Foreign Corrupt Practices Act (FCPA) make it an offence to bribe foreign officials. Under the Bribery Act a “foreign public official “ is defined more narrowly than under the FCPA but sill includes (1) anyone who holds a foreign legislative or judicial position; (2) individuals who exercise a public function for a foreign country, territory, public agency or public enterprise o; or (3) any official or agent of a public organization. On the other hand, the Hong Kong Bribery Law does not specifically cover the foreign bribes, which results in the controversial judgment on the case HKSAR v. Krieger . In this case, the defendants, the officers of a Hong Kong subsidiary of the Swire Group of Companies were accused of conspiring with a Macau businessman to offer...
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...DSME 5011 - Economics Clara Tak-Wai LAW EXECUTIVE SUMMARY 1 2 INTROUDCTION BACKGROUND OF EXPORT TRADING 2.1 China 2.2 Hong Kong 3 TYPES OF EXPORT GOODS AND SERVICES 3.1 China 3.2 Hong Kong 4 ECONOMIC DEVELOPMENT 4.1 China 4.1.1 4.1.2 4.1.3 4.1.4 4.2.1 4.2.2 4.2.3 5 5.1 Participation of Global Trade Association Foreign Direct Investment Currency Valuation Structural Changes Free Trade Policy Close Economic Partnership Arrangement with Mainland China Availability of Venture Capital 4.2 Hong Kong MARKET CHALLENGES AND TRENDS China’s Challenges 5.1.1 Inflation 5.1.2 Government Interference 5.1.3 Social Unrest 5.1.4 Unbalanced Regional Development 5.1.5 Low Domestic Consumption 5.1.6 Poor Technology & Substandard Products 5.2 Hong Kong’s Challenges 5.2.1 Global Markets 5.2.2 Emerging Markets in Asia 5.2.3 Increasing Competition 5.2.4 Change of Export Business 6 HONG KONG SUSTINAED COMPETITION POSITION 6.1 6.2 6.3 6.4 6.5 Better Trading Cooperation Doing-Business Climate Better Transportation Means Advanced Info-Communication Network Skillful and Technical Manpower 7 CONCLUSION REFERENCES & APPENDIX Macroeconomics Individual Paper 2 DSME 5011 - Economics Clara Tak-Wai LAW EXECUTIVE SUMMARY China becomes the 1st exporter in the world after 25% rise in 2009 and export is the major contribution of its economic development in the past decades. Accelerated growth of the world export share was to 40% from 8% in 5-years time. The combined factors driving...
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...territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by around 200,000 shareholders in some 100 countries and territories. The shares are traded on the New York Stock Exchange in the form of American Depositary Receipts. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities. History The HSBC Group has an international pedigree which is unique. Many of its principal companies opened for business over a century ago and they have a history which is rich in variety and achievement. The HSBC Group is named after its founding member, The Hong Kong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between China and Europe. After the British established Hong Kong as a colony in the aftermath of the First Opium War, local merchants felt the need for a bank to finance the growing trade between China and Europe (with traded products including opium). They established the Hong kong and Shanghai Banking Company Limited in Hong Kong (March 1865) and Shanghai (one month later). The founder, a Scotsman named Thomas Sutherland wanted a bank operating...
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...Introduction to business model innovation in mobility and automotive aspects The purpose of the following paper is to demonstrate the different possibilities of business model innovation in mobility and automotive aspects. More precisely, the written report focuses on business model innovation in respect of urban mobility. Since, urban mobility is getting more and more relevance of future management tasks. Moreover aspects of car sharing and renting cars are discussed in literature often. Therefore, the paper gives a detailed overview of the theoretical and practical background of business model innovations of urban mobility including automotive issues. The paper is structured in three main passages…. Mobility is a basic condition for participating in working life. Other relying aspects of mobility are engaging in social, cultural and political activities and availing educational opportunities. In the future, urban mobility will cost 829 billion euro by 2050. The amount of people and goods transported is expected to triple. On top of that, urban mobility will use 17.3 % of the planet´s bio – capacity (Lerner, 2011, pp. 1-15). The development of automotive issues and mobility reflects the economic, social and technical trends in the cities. The population of cities is constantly growing both for demographic reasons and migration into cities aspects. Cities are the central points of economic growth and thus of individual prosperity which lead to a growing differentiation...
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...Strength Coin Free and Small amount strategy Octopus strategic advantage has been its focus on being a coin-free payment system with small amount. It offers users an easy and convenient way to travel and shop around Hong Kong by having a built-in microchip it the card, which stores money electronically and has other applications. User can put their octopus cards over an Octopus reader, which will automatically deduct the correct amount from the card. The user would no longer need to carry coins. The Octopus card can be widely used in various organizations, such as public transport, parking, retail, government recreational facilities. Strategic Partnerships Octopus has strategic partnerships with Transport companies, fast food chain restaurant, and retail outlets. Octopus helps service providers and business partners like retailers provide various loyalty programmes in which cardholders can collect reward points every time when they use their cards and then redeem gifts or enjoy discounted services. Through loyalty programmes, Octopus can help their partners provide better value to customers, increase awareness and product sales. The most notable partnership is MTR, for example, from 1 September to 30 November 2013, you can redeem 50% discounted price to Lok Ma Chau station with Octopus at the customer service centers of designated MTR stations before entering the gate. Weakness Limited usage According to Octopus condition, cardholder can add value to Octopus with...
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