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Shanghai Mobile Blocks Free WAP Site's Stock Info Service

Sohu IT, 11/16/07

According to a source speaking to Sohu IT, Hangzhou Hengsheng Information Technology's wap.hstzt.com, an independent WAP site providing stock service software for mobile phones has been blocked by Shanghai Mobile since November 9. Shanghai users can still access the site by changing the URL to wap1.hstzt.com, and users in other parts of China are still able to visit the site normally.

A senior industry source said this is due to a conflict of interests: "China Mobile (NYSE: CHL; 0941.HK) has just released new stock services, charging RMB 30 per month. But many software firms provide similar services for free."

Information found online indicated that the site has over one million registered users, almost one million users have used the platform to make trades, and that the service is used 800,000 times daily.

Keywords: China Mobile CHL 0941.HK WAP WVAS mobile securities information policy free WAP wireless registered users Hangzhou Hengsheng Information Technology HSTZT wireless

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