Rural users of China Mobile lift past 600 million subscriptions

April 20, 2011, 7: 55 pm EDT by Bloomberg News

April 21 (Bloomberg) - China Mobile Ltd. became the first telephone company in the world to exceed 600 million subscribers that it has signed more rural customers in the first quarter.

China Mobile added 16.8 million subscribers in the first quarter, one almost 3% increase in the 584 million customers at the end of December, the company said yesterday.With mobile devices now represent 75 per cent of the 1.2 billion China phone users, the Beijing-based carrier is getting most of its new customer additions in the countryside who spend less on their monthly phone bills. Thus the average revenue per user, or ARPU, for the quarter ended March 31, dropped to 67 yuan ($ 10.3), 76 Yuan at the end of December, the company said yesterday. "" This subscriber number is rather good, "said Jim Tang, an analyst at go Wanguo Securities Co. in Shanghai who rate stocks"neutral". "Is especially low end subscribers, this is why you see the growth of profits to a single digit.Net profit for the first quarter rose by 5.4% to 26.9 billion yuan, 25.5 billion yuan a year earlier, reported China Mobile. Sales increased from 8.3% to 118.2 billion yuan.Profit in the first quarter was projected at 26.8 billion yuan on sales of 119 billion yuan, according to the median of four analysts estimates in a Bloomberg News survey. "Low use customers"new clients were mainly low usage customers,"Chairman Wang Jianzhou, said yesterday. "ARPU and average revenue per minute of use continue to decline."Wang is designed to battle the decline in revenue per user by the expansion of sales of data value added services such as music downloads top range of smartphone users.China Mobile said 549 million customers made use of value-added services in the first quarter and 476 million used his music wireless service. Value added services have been the "driving force" of sales in the first quarter, he said.Wang expects the company to data will be an important source of future earnings growth and plans to increase spending of 6.5 percent this year to strengthen investment services. China Mobile will spend as much as 117.7 billion yuan to invest on the network and add points of access wireless that it is intended to keep attracting smartphone users and help maintain its advance on China Unicom (Hong Kong) Ltd. and China Telecom Corp. 'data Revenues' China Unicom this week reported it added 9.6 million subscribers in the first quarter taking his total to 320.9 million at the end of March. "It's data revenues which are clearly on the rise,"Colin McCallum, an analyst with Credit Switzerland Group AG in Hong Kong, wrote in a report April 15." "This seems to be a very healthy ratio of income to the volume, which China Mobile management has put an end to a deliberate strategy to avoid unlimited data packets.China Mobile increased 0.8% to HK$ 72.60 16 hours near trade in Hong Kong yesterday before the earnings announcement. The stock market dropped by 6 percent this year.China Unicom and China Telecom will report earnings next week.

-Edmond Lococo. Editors: Suresh Seshadri, Robert Valpuesta.

To communicate with the staff of Bloomberg News on this story: Edmond Lococo in Beijing at elococo@bloomberg.net

To contact the editor responsible for this story: Cho Young-Sam to ycho2@bloomberg.net

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Renren files China to collect as much as $ 584 million in intellectual property offices

April 15, 2011, 6: 55 pm EDT by Joseph Galante and Brian Womack

April 15 (Bloomberg) - Renren Inc., the largest social networking service of China, filed to collect as much as 584 million in an initial public offering to finance the expansion.

Renren expects to sell American depositary 53.1 million from $9 to 11 $ receipts each in an initial public offer, according to a filing with the U.S. Securities and Exchange Commission. ADR represents 159.3 million common shares of class A, according to the filing.The company expects this product of the OPI 508 million and will use to woo more visitors that it is in competition with local rival Tencent Holdings Ltd. and Baidu Inc. in the market of the Internet the most populous of the world. Renren - a name which means "everyone" in Chinese - a similar characteristics such as Facebook Inc., which is blocked China.No U.S. social networking sites have gone public, then even that their popularity and revenue advertising soar. That created a pent-up among investors demand. LinkedIn Corp., which announced in January to raise 175 million in an IPO, may become the first.Renren has over 160 million registered users, according to Analysys International in Beijing. Advertising has more than doubled each year since the site began selling space in 2008, the company said. The online advertising market will triple almost 13 billion dollars in China in 2014, estimates Susquehanna International Group LLP.Morgan Stanley, Deutsche Bank AG and the Credit Switzerland Group AG will lead the introduction on the stock exchange. ADRS will be be included in the New York Stock Exchange under the symbol RENN, prospectus showed. "School inside ' Renren has its roots date back to 2005, when the graduates of the University of Tsinghua in Beijing founded Xiaonei.com, or"school inside ". This was the year after the creation of Mark Zuckerberg, chief executive officer of Facebook, its service for fellow students of the University of Harvard.En 2006, Xiaonei was acquired by closed Oak Pacific Interactive Corp., which renames the Renren service in 2009. Softbank Corp., a carrier of the phone Japan the fastest-growing, is the largest shareholder of oak Pacific.Facebook Beijing-based has some Chinese users who circumvent censorship through virtual private networks supposedly, according to data compiled by Socialbakers.com, a website dedicated to the analysis of the statistics of Facebook.La company based in Palo Alto, California talks with potential partners on how to establish a foothold in China, a person familiar with the issue, said earlier this month. Entry into the country would give access to the largest Internet in the world market for Facebook, with more than 457 million users Web.Facebook will begin reporting financial results in April 2012, even if it does not make public, according to a document sent to potential investors. The company would be required to make disclosures because he expects to have at least 500 shareholders later this year, a threshold which makes the results necessary reports under SEC rules, a person who has examined the document said in January.

-Editors: Elizabeth Wollman, Nicholas Turner

To contact the reporters on this story: Joseph Galante in San Francisco at jgalante3@bloomberg.net; Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Thomas Giles in the tgiles5@bloomberg.net

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Intel to map Plans for $ 200 million, or 10 000 elderly health study

Intel Corp. will help the Fund to work on a proposal for a study of $ 200 million of the technology used to provide care at home for the elderly, and Eric Dishman, an Intel fellow and Director of health innovationsaid in an interview.

The study will focus on the use of technology by 10 000 elderly people, said Dishman. Intel is looking for partners who can put funding for the proposal and the study and end a proposal describing the study of this year, he said.

In an effort of 5 to 10 years, researchers predict use sensors, computers connected to the Internet and other devices to capture data on daily activities of older persons, such that when they take the medicine and the speed with which they move on the House. The goal is to prove that the technology can follow physical and cognitive decline and understand how technology can help improve care providers for older persons in the settings of the home, hospitals and other facilities where care costs have skyrocketed in recent years. The so-called technology of aging on the spot market is expected to surge. Income comprehensive monitoring in patients with diseases such as diabetes and heart arrhythmia should increase to 16.6 billion in 2015, $ 11 billion last year, according to the Swedish consultant Berg Insight.

"There are likely to be more seniors which need you assistance at home," Andre Malm, senior analyst at the Berg, said in an interview. "It is a way to improve the quality of life for patients who want to live at home." What is needed, it is good, independent research "to prove that technologies to home work." The number of Americans aged 65 years or more will be increased to 72.1 million by 2030, 39.6 million in 2009, according to the Administration on aging.

One goal is to prove that technologies at home can be useful for early detection of diseases, and alert as grave emergency care providers, said Dishman. "I am certain that we will find ways to increase the prevention of falls and reduce depression," he said. Computers could remind consumers with Alzheimer's disease, for example, what they discussed in a previous conversation. A door can notify a caregiver that a person who has not gone outside for four days.

"You can solve a problem earlier, before becoming a clinical," Paul Crawford, Research Director of health for Intel Labs product, said in an interview. "Intel tries to make a living in the digital age." It's analog age now. "Crawford and Jeff Kaye, Professor at the University of Oregon Health & Science, are leading the work on the proposal. The study should be administered by the Foundation for the National Institutes of Health.

The study can begin as early as 2012, if additional funds are secure, Dishman said. His study SILvR (Senior independent living research) Initiative could cost 200 million dollars over 10 years and eventually followed some 10,000 households with seniors, he said. The exact cost of the study will be determined this year.

Potential donors of the work of proposal include the Robert Wood Johnson Foundation and the National Science Foundation, said Dishman. Robert Wood Johnson Foundation, which provides funding for public health projects, is "intrigued by the idea", Paul Tarini, senior officer of the Foundation programme, said in an interview. The Organization spoke with Intel on the study and is currently awaiting a funding proposal.

Intel makes chips and software used in home care. The company and GE Corp. formed a joint venture focused on technologies for independent living and telehealth in August.

Intel invested in technologies for 12 years senior health care, funding more than 100 University Grants, said Dishman.

Once the proposal is completed by the end of the year, Intel will push us and the European Union authorities to fund the study, said Dishman. Intel also spoke with representatives of the White House, including federal Chief Technology Officer Aneesh Chopra and shoot the study becoming an issue in the presidential election in 2012, he said.

"It is too expensive even for Intel alone produce clinical and financial evidence that these technologies detect diseases and reduce costs," said Dishman. "Even competitors need to meet and co-invest."

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