China Mobile (NYSE: CHL, HKG: 0941), the world's biggest wireless phone carrier, launched 11 3G-backed cellphone prototypes Thursday to rival the iPhone introduced by China Unicom (NYSE: CHU, SHA: 600050, HKG: 0762) in late October. China Mobile and nine handset makers as a whole equally invested ¥1.2 billion ($1 = ¥6.83) for the research on these phones, people familiar with the issue said. The nine manufacturers are ZTE (SHE: 000063, HKG: 0763), Yulong, Motorola, Samsung, Dopod, LG, PostCom, Huawei, and Hisense.
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