News Snapshot:
China Unicom chairman and CEO Liu Liehong highlighted the impact of its cloud business on its overall 2021 performance, as it also registered subscriber and ARPU gains. Liu cited data projecting the value added by core industries to the digital economy will account for 10 per cent of GDP by 2025, which will aid its industry internet business. Net profit rose 15 per cent year-on-year to CNY14.4 billion ($2.3 billion) in 2021, with revenue growing 7.9 per cent to CNY327.9 billion. Mobile service revenue increased 4.8 per cent to CNY164.1 billion. The industry internet business increased 18.7 per cent to...
