Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

China Unicom Hong Kong (Adr) / Equity Bottom-Up

<ul>
 <li>China Unicom is strategically positioned to capitalize on China's digital transformation, with strong growth in its industrial internet and cloud computing segments. The company is demonstrating a pivot from a traditional telecom operator to a technology service enterprise.</li>
 <li>The company's financial performance shows steady revenue and net income growth, supported by cost-control measures and increasing demand for 5G and broadband services. However, its American Depositary Receipts (ADRs) were delisted from the NYSE in 2021 due to a US executive order, which has implications for its international investor base.</li>
 <li>While facing intense competition within the state-dominated Chinese telecommunications market, China Unicom's collaboration with other major players on network infrastructure (co-build co-share) and its focus on innovation in areas like AI and industrial applications present significant opportunities for future growth and margin improvement.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  China Unicom is strategically positioned to capitalize on China's digital transformation, with strong growth in its industrial internet and cloud computing segments. The company is demonstrating a pivot from a traditional telecom operator to a technology service enterprise.
  The company's financial performance shows steady revenue and net income growth, supported by cost-control measures and increasing demand for 5G and broadband services. However, its American Depositary Receipts (ADRs) were delisted from the NYSE in 2021 due to a US executive order, which has implications for its international investor base.
  While facing intense competition within the state-dominated Chinese telecommunications market, China Unicom's collaboration with other major players on network infrastructure (co-build co-share) and its focus on innovation in areas like AI and industrial applications present significant opportunities for future growth and margin improvement.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: China Unicom Hong Kong (Adr) (CHU US) - Sep 2025

China Unicom Hong Kong / Equity Bottom-Up

<ul>
 <li>China Unicom is strategically positioned to capitalize on China's ongoing digital transformation, with a strong focus on 5G, cloud computing, and the industrial internet, which are becoming significant growth drivers beyond its traditional telecommunications services.</li>
 <li>The company's co-building and co-sharing of its 5G network with China Telecom is a key strategic advantage, leading to significant cost savings in capital and operating expenditures, and accelerating the rollout of 5G services across the nation.</li>
 <li>While facing intense competition and a stringent regulatory environment, China Unicom's consistent revenue growth, improving profitability, and commitment to increasing dividend payouts present a compelling case for investors looking for a blend of growth and income in the world's largest telecommunications market.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  China Unicom is strategically positioned to capitalize on China's ongoing digital transformation, with a strong focus on 5G, cloud computing, and the industrial internet, which are becoming significant growth drivers beyond its traditional telecommunications services.
  The company's co-building and co-sharing of its 5G network with China Telecom is a key strategic advantage, leading to significant cost savings in capital and operating expenditures, and accelerating the rollout of 5G services across the nation.
  While facing intense competition and a stringent regulatory environment, China Unicom's consistent revenue growth, improving profitability, and commitment to increasing dividend payouts present a compelling case for investors looking for a blend of growth and income in the world's largest telecommunications market.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: China Unicom Hong Kong (762 HK) - Sep 2025

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>The rapid adoption of cloud computing has led to China boasting the world’s second-largest cloud computing market.</li>
<li>This migration to the cloud is in lock-step with global customer needs: scale, greater efficiency, and availability; together with a reduction in capex and infrastructure complexity.</li>
<li>The big three PRC telcos are firmly in the mix, with each announcing 100%+ growth in revenue for their cloud businesses in 1H22. Expect that trend to continue.</li>
</ul>


The rapid adoption of cloud computing has led to China boasting the world’s second-largest cloud computing market.
This migration to the cloud is in lock-step with global customer needs: scale, greater efficiency, and availability; together with a reduction in capex and infrastructure complexity.
The big three PRC telcos are firmly in the mix, with each announcing 100%+ growth in revenue for their cloud businesses in 1H22. Expect that trend to continue.


Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>We see 281 Chinese companies listed on U.S Stock Exchanges with a total market cap of US$869bn. 32 of these companies are listed on the <a href="https://www.smartkarma.com/entities/hong-kong-exchanges-clearing" target="_blank" data-smartkarma-citation="entities:490:1" rel="noopener">HKEX (388 HK)</a>. </li>
<li>If the rumours of Chinese stocks being delisted from U.S. Exchanges gathers steam, we could see a wave of secondary listings in Hong Kong.</li>
<li>
<a href="https://www.smartkarma.com/entities/pdd-holdings-inc" target="_blank" data-smartkarma-citation="entities:27250:1" rel="noopener">PDD Holdings</a>, <a href="https://www.smartkarma.com/entities/full-truck-alliance-co-ltd" target="_blank" data-smartkarma-citation="entities:33429:1" rel="noopener">Full Truck Alliance</a>, <a href="https://www.smartkarma.com/entities/vipshop-holdings-ltd-adr" target="_blank" data-smartkarma-citation="entities:1088:1" rel="noopener">Vipshop Holdings</a>, <a href="https://www.smartkarma.com/entities/tal-education-group" target="_blank" data-smartkarma-citation="entities:1124:1" rel="noopener">TAL Education</a> and <a href="https://www.smartkarma.com/entities/zeekr-intelligent-technology-holding" target="_blank" data-smartkarma-citation="entities:36785:1" rel="noopener">ZEEKR</a> are the largest China ADRs with no HK listing and could come under pressure.</li>
</ul>


We see 281 Chinese companies listed on U.S Stock Exchanges with a total market cap of US$869bn. 32 of these companies are listed on the HKEX (388 HK). 
If the rumours of Chinese stocks being delisted from U.S. Exchanges gathers steam, we could see a wave of secondary listings in Hong Kong.

PDD Holdings, Full Truck Alliance, Vipshop Holdings, TAL Education and ZEEKR are the largest China ADRs with no HK listing and could come under pressure.


What if China ADRs Are Delisted from US Exchanges?

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Thematic (Sector/Industry)

<ul>
<li>China's cloud companies like <a href="https://www.smartkarma.com/entities/kingsoft-cloud-holdings-limited" target="_blank" data-smartkarma-citation="entities:36647:1" rel="noopener">Kingsoft Cloud Holdings (3896 HK)</a> and <a href="https://www.smartkarma.com/entities/ming-yuan-cloud-group" target="_blank" data-smartkarma-citation="entities:29268:1" rel="noopener">Ming Yuan Cloud Group (909 HK)</a> benefit from the democratization of AI its concurrent increased data needs.</li>
<li>China's telecom companies like <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a> , <a href="https://www.smartkarma.com/entities/china-unicom-hong-kong-ltd" target="_blank" data-smartkarma-citation="entities:1016:1" rel="noopener">China Unicom Hong Kong (762 HK)</a> and <a href="https://www.smartkarma.com/entities/china-telecom-corp-ltd-h" target="_blank" data-smartkarma-citation="entities:1015:1" rel="noopener">China Telecom (H) (728 HK)</a> are now major players in the country's AI ecosystem.</li>
<li>China's data center companies like GDS Holdings (9698 HK) , 21Vianet Group (VNET US) , and SUNeVision Holdings (1686 HK) are benefiting from the increased data needs of AI industry.</li>
</ul>


China's cloud companies like Kingsoft Cloud Holdings (3896 HK) and Ming Yuan Cloud Group (909 HK) benefit from the democratization of AI its concurrent increased data needs.
China's telecom companies like China Mobile (941 HK) , China Unicom Hong Kong (762 HK) and China Telecom (H) (728 HK) are now major players in the country's AI ecosystem.
China's data center companies like GDS Holdings (9698 HK) , 21Vianet Group (VNET US) , and SUNeVision Holdings (1686 HK) are benefiting from the increased data needs of AI industry.


Deepseek Rally Creates Winners in CLOUD, TELECOM and DATA CENTERS

Hong Kong

China Unicom (Hong Kong) Limited, through its subsidiaries, provides telecommunications services in the People's Republic of China.  The Company's services include cellular, paging, long distance, data, and Internet services.

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China Unicom Hong Kong (762 HK)

Primer: China Unicom Hong Kong (Adr) (CHU US) - Sep 2025

China Unicom is strategically positioned to capitalize on China's digital transformation, with strong growth in its industrial internet and...

αSK

Primer: China Unicom Hong Kong (762 HK) - Sep 2025

China Unicom is strategically positioned to capitalize on China's ongoing digital transformation, with a strong focus on 5G, cloud computing,...

αSK

China Telcos: Send In The Clouds

At 1x forward EV/EBITDA and a 5.6% yield, Unicom is cheap. I don't have a bone to pick with Mobile at 2.1x and a 7.9% yield; or Telecom - but...

David Blennerhassett

What if China ADRs Are Delisted from US Exchanges?

The escalating tariff wars have increased calls in the U.S for Chinese companies to be delisted. While there have been few mentions of an...

Brian Freitas

Deepseek Rally Creates Winners in CLOUD, TELECOM and DATA CENTERS

Cloud, Telecom and Data Center companies are winners from the DeepSeek sparked AI revolution. Increased data storage, processing and distribution...

David Mudd

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