Rumor: China Mobile May End E-Reader Subsidies
Caijing.com, 6/28/10
According to industry sources, China Mobile (NYSE: CHL; 0941.HK) may cancel e-reader hardware terminal subsidies. So far hundreds of thousands of units have been sold, but China Mobile reportedly believes that the subsidies have little value in helping to expand its e-reader market.
Meng Qingjun, VP and head of sales for Chinese e-reader device maker Hanvon (002362.SZ), denied the rumor and stated that Hanvon has received no information regarding these reports.
Keywords: wireless China Mobile hardware Hanvon CHL 0941.HK 002362.SZ Meng Qingjun e-book subsidy
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