Skip to main content

PCCW Expands China Netcom Investment

PCCW IMS China has closed an acquisition of a 50 percent stake in China Netcom Corporation (CNC) subsidiary CBC Broadband, according to an announcement by PCCW on March 2. PCCW IMS is an indirectly wholly-owned subsidiary of PCCW. The acquisition cost PCCW IMS China 318 million Yuan.

In other related news, China's State Council has announced a new policy exempting certain high-tech enterprises in China from income taxes for two years, reports Beijing Times. According to the policy, foreign and domestic hi-tech enterprises located in national-level high-tech industrial development zones will be exempt from income taxes for two years and will pay income taxes of 15 percent after the two years.

Popular posts from this blog

How AI Impacts Data Workload Investment

The importance of data in today's business landscape fundamentally reshapes how CIOs invest in their IT infrastructure. A recent International Data Corporation ( IDC ) market study highlights this trend, revealing insights into spending patterns. The study indicates that structured database and data management workloads are the largest spending category within enterprise IT infrastructure. This is unsurprising, considering the foundational role these workloads play in managing digital business data. However, IDC's worldwide market study also sheds light on a noteworthy shift – spending in some categories witnessed a slight decline in 2023 compared to 2022. Data Workload Market Development This dip could be attributed to several factors. Organizations might optimize their existing data management processes, potentially leveraging more efficient storage solutions or cloud-based data management services. Additionally, the rise of alternative data sources, such as unstructured and