China Mobile is one of the world's largest cellular phone service providers and China's largest. That means it has money.
It just spent $180 million to buy one/fifth (19.9%) of Phoenix Satellite Television of Hong Kong.
Phoenix Television is China's largest foreign-owned television broadcaster.
What will a cell phone company want to do with a TV station? Let's see, we might ask Verizon, eh?
Dragon Air of Hong Kong was bought by Cathay Pacific and now Phoenix Satellite of Hong Kong was bought by China Mobile.
I wonder, what else is for sale in Hong Kong?
Do you know?
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