China-Africa Development Fund
The China-Africa Development Fund (CADFund) is a sovereign wealth fund based in Beijing, China, established in 2007 by the China Development Bank. Its primary purpose is to serve as an investment vehicle in Africa, focusing on fostering economic cooperation between China and the African continent. The fund invests in various assets, including stocks, convertible bonds, and other quasi-entity investments, with an emphasis on supporting Chinese enterprises operating in Africa or planning to expand there. CADFund aims to enhance Africa's economic development by facilitating infrastructure construction and promoting collaboration between Chinese and African businesses. Through its investments, the fund seeks to achieve mutual economic benefits and advance the overall growth of both regions.
China Mobile is the largest mobile telecommunications operator in China and the world, serving over 1 billion subscribers. Established in 1997 and headquartered in Central, Hong Kong, the company dominates the Chinese market, holding a 60% share of the wireless segment and 50% of the fixed-line broadband market. China Mobile offers a comprehensive range of services, including local and long-distance calls, roaming, caller features, and various data services. The company has actively expanded its offerings by rolling out 5G services since late 2019, collaborating with China Broadnet for network sharing. In addition to traditional telecommunications, it has invested in internet data centers and cloud services, making it a significant player in these growing sectors. As a subsidiary of China Mobile Hong Kong (BVI) Limited, the company continues to evolve, adapting to technological advancements and consumer demands.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at
support@teaserclub.com. Your feedback is most welcome.