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China Mobile is a cheap play on Alibaba’s growth: Barron’s

12
May
2014

(Reuters) – Investors can buy China Mobile Ltd, the worlds biggest wireless company, at a deep discount to international peers and get a 4 percent dividend while waiting for a turnaround, according to Barrons. In an article for release on Monday, Barrons said China Mobile is a \cheap play\ on Alibaba, the Chinese e-commerce giant planning an initial public offering later this year. Alibaba needs China Mobile, because substantial growth in Chinese e-commerce hinges in part on high-speed 4G data networks like the system China Mobile is rolling out ahead of its competitors, which could revive growth. \China Mobile has been hampered by an inferior network, but the rollout of 4G has the potential to shift the advantage,\ said Matthew Ring, an analyst at Pzena Investment Management, in the article. Barrons said China Mobile is currently cheap because the Chinese government, which controls 74 percent of the shares and regulates the company, forced China Mobile to adopt a home-grown wireless technology for its 3G service.

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