Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Hepatitis C Epidemic Erodes a Village’s Reputation for Longevity
Trump Says Apple’s Cook Concerned About Losing Edge to Samsung With Tariffs
Xiaomi, Oppo, Vivo to Launch Cross-Platform ‘AirDrop’
LATEST
As China Rolls Out Commercial 5G, Experts Are Split on Take-Up Speed
Interest Rate Reform May Benefit Bigger Companies More, Economists Say
Sanctions-Hit Huawei to Open New R&D Centers in Russia: Reports
Xiaomi, Oppo, Vivo to Launch Cross-Platform ‘AirDrop’
Trump Says Apple’s Cook Concerned About Losing Edge to Samsung With Tariffs
Hepatitis C Epidemic Erodes a Village’s Reputation for Longevity
Cathay Pacific CEO Hogg Resigns Amid Hong Kong Protests
Ninebot’s New Scooter Can Drive Itself Back to Charging Stations
Oppo to Unveil New Smartphone With 20x Zoom
Chinese Companies Usher in Age of Synthetic Meat
Record-Smashing Chinese Animation to Get Overseas Releases
WTO to Arbitrate China’s Complaints About U.S. Solar-Cell Tariffs
Vipshop Stock Soars After Q2 Results Beat Expectations
Japan Replaces China as Largest Holder of U.S. Government Debt
Huawei’s First 5G Commercial Phone Gets Warm Response Despite Limited Networks
AI Startup Plans IPO at Value of at Least $1 Billion — in China
Alibaba Q2 Revenue Jumps 42%, Beating Estimates But Slower Than Year Earlier
Baidu’s $66 Billion Dive Knocks It Out of China’s Internet Top 5
Beijing Grants Foreign Investors Wider Access to Entertainment Industry
Tencent-Backed Maoyan Turns Profit on Strong Ad Growth
Hong Kong-Listed China Telecom Gets New Chief

By Yang Ge / May 23, 2019 11:52 AM / Business & Tech

Photo: IC Photo

Photo: IC Photo

It’s official: Publicly listed China Telecom has a new top boss.

The wireless carrier has announced that Ke Ruiwen took over as its chairman and CEO effective Wednesday, just a couple of months after the company’s previous top executive left to lead rival China Mobile, the nation’s leading carrier. Such shuffling of top executives within industries dominated by government monopolies is relatively common in China, since all companies are ultimately controlled by Beijing.

Ke’s promotion comes a month after he was officially named as chairman and party secretary of China Telecom’s state-run parent, also a common sequence of events. Before his latest promotion, he was previously president and chief operating officer at China Telecom.

Industry observers had been watching closely to see how quickly Beijing would fill the top spot at China Telecom after it became vacant in March.

Some said a longer period to fill the spot could add fuel to industry talk that China’s telecom regulator might be preparing to merge China Telecom with China Unicom, the industry’s third major player. Such a merger would reduce the number of major carriers in China to just two, though China Mobile would still remain the dominant one with about 60% of the market.

Related: China Telecom Chairman Resigns to Take Reins at China Mobile


Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.