CHL - 3 Chinese Tech Stocks That Actually Pay Dividends
Chinese tech stocks are often associated with revenue growth and aggressive investment instead of stability and dividends. However, there are still plenty of Chinese tech stocks that offer both dividends and relative stability in a volatile market. Let's take a closer look at three stocks that fit that description -- China Mobile (NYSE: CHL), NetEase (NASDAQ: NTES), and Tencent Holdings (OTC: TCEHY).
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China Mobile is the largest wireless carrier in China. Its total number of wireless customers grew 3% annually to 943.6 million in October, and 4G customers accounted for 79% of that total -- up from 76% a year ago. Its wireline customer base grew 24% to 187 million.