Examples include China Construction Bank, a huge backer of infrastructure projects, and China Mobile, a big mobile-phone carrier.

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In a surprise move, China Mobile chose Lumia 920T, a phone based on Microsoft (MSFT) Windows Phone 8 over iPhone 5.

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The biggest mobile- phone operator, China Mobile, is also a state company.

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Interestingly, China Mobile did not choose a Google Android phone as its flagship.

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Nokia this morning announced plans to launch to Lumia 920T, a Windows Phone 8 device, with China Mobile.

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Most of Netease's business is selling messaging services to mobile phone users in China--a profitable business that does not depend on the vagaries of advertising.

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China Mobile has been in desperate need for a flagship high end smart phone.

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China Mobile had been in desperate need for a flagship high-end smart phone.

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However, China Mobile and Apple appear very close to reaching a deal on its plans to carry the phone.

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Ultimately, a China-domestic smart phone operating system (with Chinese-made apps) plus a domestic mobile search engine will be the best strategic 3G smart phone combination for MII.

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