Hong Kong stocks gained ground at the end of week, with the Hang Seng Index HK:HSI +0.52% up 0.7% at 22,554.33. Index heavyweight China Mobile Ltd. HK:941 +1.37% CHL -0.02% , which is also the world's largest mobile-network provider, rose 1.6%, after the company said its 3G subscribers grew by more than 14 million to about 206 million in January, mainly propelled by its iPhone launch on Jan. 17. Its smaller rivals also attracted buyers' interest, as China Unicom Hong Kong Ltd HK:762 +1.00% CHU -1.23% climbed 1.8%, and China Telecom Corp. Ltd HK:738 +0.84% CNCT +28.92% advanced 1.7%. Internet giant Tencent Holdings Ltd. HK:700 +2.48% TCTZF -2.40% recovered after losses in the previous session, up by 1.6%, after Facebook's acquisition of WhatsApp triggered attention to the valuation of Tencent's mobile instant-messaging app WeChat. Barclays Research maintained the rating of overweight for Tencent, estimating that WeChat would generate 9.62 billion yuan ($1.6 billion) in revenues for Tencent in 2015. On the Chinese mainland, the Shanghai Composite Index CN:SHCOMP -0.97% fell 0.6%.
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