Home / / China Mobile to pay $5.8 bln for Pudong Bank stake

China Mobile to pay $5.8 bln for Pudong Bank stake

March 10th, 2010 on Deals Leave a comment

HONG KONG (Reuters) – China Mobile will pay $5.8 billion for 20 percent of Shanghai Pudong Development Bank the company said on Wednesday, a move it hopes will help it dominate the country’s nascent mobile e-commerce market.

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