China Mobile investing $5.8B in Chinese bank | Video Cell Phones
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China Mobile investing $5.8B in Chinese bank

Video Cell Phones | Wednesday March 10 2010 3:30 pm | Comments Off
China Mobile Ltd., the world's biggest phone company by subscribers, said Wednesday it was investing $5.8 billion in a Chinese bank as part of a plan to develop mobile phone banking and business services. Under the agreement, China Mobile will pay 39.8 billion yuan ($5.8 billion) in cash for 20 percent of Shanghai Pudong Development Bank, the cell

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