China Mobile Net Worth is$216.5 B
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Type: Public company
Traded As: 0941 CHL
Genre:
Predecessor: China Telecom (Hong Kong) Limited Foundation: 1997 Defunct:
Area Served: Mainland China, Hong Kong, Pakistan
Industry: Telecommunications
Products: Landline and mobile phone, Internet services, digital television
Revenue: link
Operating Income: 151.29 billion (2011) Net Income: 125.87 billion (2011) Aum:
Assets: 952.55 billion (2011) Equity: 649.06 billion (2011) Owner: China Mobile Communications Corporation (74.22%) [http://www.chinamobileltd.com/images/pdf/2010/ar/2009 a full.pdf Annual report 2009]
Num Employees: 181,000 (2012) Homepage: http://www.chinamobileltd.com
China Mobile Limited (simplified Chinese: a,-a? 1/2 c?>>a??e??a??; traditional Chinese: a,-a??c?>>a??e??a??; pinyin: ZhA?ngguA? YA-dA?ng TA?ngxA?n) is a Chinese state-owned telecommunication company that provides mobile voice and multimedia services through its nationwide mobile telecommunications network. The company likely remains one of the largest mobile telecommunications companies by market capitalization today, and it was named as such in March 2011. It is listed on both the NYSE and the Hong Kong stock exchange.
As of November 2012, China Mobile is the world's largest mobile phone operator by subscribers with about 703 million.
A state-owned enterprise directly controlled by the government of the People's Republic of China and also a public company that is listed on the NYSE and the Hong Kong stock exchanges, China Mobile has dominated Chinese mobile services since its inception. As of 2010 China Mobile controls the vast majority of its domestic mobile services market with a 70% market share.China Unicom and China Telecom have 20% and 10% shares, respectively.
Incorporated in 1997 as China Telecom (Hong Kong) Limited, China Mobile was born from the 1999 break-up of China Telecom. (This company continues to provide mobile services, however.)
China Mobile likely enjoys substantial protectionist benefits from China's government but also experiences frequent government intervention in its business affairs. Government control is maintained through a presumably government-owned holding company, China Mobile Communications Corporation (CMCC), that owns 100 percent ownership of China Mobile (HK) Group Limited, which in turn holds over seventy percent ownership of China Mobilea??the remainder being controlled by public investors. Established in 2000, CMCC is China Mobile Ltd's current parent company as of 2011.
China Mobile has historically held a greater share of the rural market than competitors. By 2006, its network had expanded to provide reception

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