China opens VAS to foreign ownership

8 Jan 2014

China will allow foreign investment in value added service (VAS) providers in the Shanghai Free Trade Zone (FTZ), Xinhua quotes Wen Ku, the head of the telecom department of the Ministry of Industry and Information Technology (MIIT) as saying. Full ownership by foreign companies will be allowed for providers of app stores, call centres, store and forward, domestic multi-party communications and home internet services, whilst foreign ownership will be capped at 55% for online data and dealing analysis service providers. Enterprises that apply for the services should register and base their infrastructure in the Shanghai FTZ, and all services may be available to the whole country, except home internet access services, which will be confined within the FTZ, Wen said.

China,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share