Market Chatter: US Probes Three Chinese Telecom Companies Over Data Exploitation Concerns

MT Newswires Live06-25

China Mobile (SHA:600941, HKG:941), China Telecom (SHA:601728, HKG:728) and China Unicom (HKG:762) are under investigation by the US Commerce Department over risks stemming from data exploitation, Reuters reported Monday, citing three people privy to the matter.

The investigations were undertaken amid concerns the companies will provide the data gathered through their US cloud and internet businesses to the Chinese government, according to the report.

The Commerce Department subpoenaed the state-backed companies and completed risk-based analyses of China Mobile and China Telecom, Reuters wrote. The probe on China Unicom is not as advanced as the other two.

China will continue to defend the rights and interests of Chinese companies, the news agency cited the Chinese Embassy in Washington as saying.

Meanwhile, Reuters did not find any evidence the companies intentionally provided sensitive US data to Beijing or committed other wrongdoings, the newswire said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $102.65, Change: $+0.15, Percent Change: +0.15%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2446861499?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-25 14:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2446861499","market":"sg","top_or_hot":-1,"title":"Market Chatter: US Probes Three Chinese Telecom Companies Over Data Exploitation Concerns","media":"MT Newswires Live","content":"<html><body><p> China Mobile (SHA:600941, HKG:941), China Telecom (SHA:601728, HKG:728) and China Unicom (HKG:762) are under investigation by the US Commerce Department over risks stemming from data exploitation, Reuters reported Monday, citing three people privy to the matter.</p><p>The investigations were undertaken amid concerns the companies will provide the data gathered through their US cloud and internet businesses to the Chinese government, according to the report.</p><p>The Commerce Department subpoenaed the state-backed companies and completed risk-based analyses of China Mobile and China Telecom, Reuters wrote. The probe on China Unicom is not as advanced as the other two.</p><p>China will continue to defend the rights and interests of Chinese companies, the news agency cited the Chinese Embassy in Washington as saying.</p><p>Meanwhile, Reuters did not find any evidence the companies intentionally provided sensitive US data to Beijing or committed other wrongdoings, the newswire said.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price (HKD): $102.65, Change: $+0.15, Percent Change: +0.15%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: US Probes Three Chinese Telecom Companies Over Data Exploitation Concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: US Probes Three Chinese Telecom Companies Over Data Exploitation Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-25 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China Mobile (SHA:600941, HKG:941), China Telecom (SHA:601728, HKG:728) and China Unicom (HKG:762) are under investigation by the US Commerce Department over risks stemming from data exploitation, ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00941","symbol_name":"中国移动","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2446861499","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446861499","pubTimestamp":1719296393,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Mobile , China Telecom  and China Unicom  are under investigation by the US Commerce Department over risks stemming from data exploitation, Reuters reported Monday, citing three people privy to the matter.The investigations were undertaken amid concerns the companies will provide the data gathered through their US cloud and internet businesses to the Chinese government, according to the report.The Commerce Department subpoenaed the state-backed companies and completed risk-based analyses of China Mobile and China Telecom, Reuters wrote. The probe on China Unicom is not as advanced as the other two.China will continue to defend the rights and interests of Chinese companies, the news agency cited the Chinese Embassy in Washington as saying.Meanwhile, Reuters did not find any evidence the companies intentionally provided sensitive US data to Beijing or committed other wrongdoings, the newswire said.Price : $102.65, Change: $+0.15, Percent Change: +0.15%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80883":"中国海洋石油-R","600941":"中国移动","601728":"中国电信","00941":"中国移动","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","BK1536":"电信股","00728":"中国电信","BK4526":"热门中概股","BK1152":"无线电信业务","BK4588":"碎股","HKD":"尚乘数科","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK1610":"ETF&股票定投概念","BK1521":"挪威政府全球养老基金持仓","SG9999002463.SGD":"LionGlobal China Growth SGD","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","BK1133":"综合电信业务","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","00762":"中国联通","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","BK0261":"媒体","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","BK4023":"应用软件","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","BK1589":"北水核心资产","BK4585":"ETF&股票定投概念","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","BK1506":"5G概念"},"translate_title":"市场热议：美国就数据利用问题调查三家中国电信公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80883":0.6,"600941":0.9,"601728":0.9,"HKD":1,"00762":0.9,"00941":0.9,"00728":0.9},"content_text":"China Mobile (SHA:600941, HKG:941), China Telecom (SHA:601728, HKG:728) and China Unicom (HKG:762) are under investigation by the US Commerce Department over risks stemming from data exploitation, Reuters reported Monday, citing three people privy to the matter.The investigations were undertaken amid concerns the companies will provide the data gathered through their US cloud and internet businesses to the Chinese government, according to the report.The Commerce Department subpoenaed the state-backed companies and completed risk-based analyses of China Mobile and China Telecom, Reuters wrote. The probe on China Unicom is not as advanced as the other two.China will continue to defend the rights and interests of Chinese companies, the news agency cited the Chinese Embassy in Washington as saying.Meanwhile, Reuters did not find any evidence the companies intentionally provided sensitive US data to Beijing or committed other wrongdoings, the newswire said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price (HKD): $102.65, Change: $+0.15, Percent Change: +0.15%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446861499"}