China Mobile buys 20% stake in mainland bank (AFP)

AFP – Phone giant China Mobile said Wednesday it will pay about 5.8 billion US dollars for a 20 percent stake in Shanghai Pudong Development Bank as part of its bid to enter the wireless banking market.

ff061a7ef576 2 0.jpg 150x99 China Mobile buys 20% stake in mainland bank
(AFP)

Tags: business

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