Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Datang Telecom Gains on Mobile Payment Agreement With UnionPay

June 23 (Bloomberg) -- Datang Telecom Technology Co. gained the most in more than a month in Shanghai trading after signing an agreement with China UnionPay Data Co. to jointly develop mobile-phone payment services.

The stock rose 5 percent to 14.02 yuan as of the 11:30 a.m. local time trading break, poised for the biggest one-day gain since May 13. China’s benchmark Shanghai Composite Index increased 0.2 percent.

Datang Telecom, a maker of telecommunications equipment, and UnionPay agreed to set up a research lab, create technical standards and expand channels for developing mobile-phone payment services, according to the official Xinhua News Agency. UnionPay operates China’s largest electronic payment network.

”Mobile payment systems have been very popular,” said Su Xiaofang, an analyst with Southwest Securities Co. ”The agreement is good news for Datang.”

To contact Bloomberg News staff on this story: Bloomberg News in Beijing at

To contact the editor responsible for this story: John Liu in Beijing at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.