Description
China Mobile is the trade name of both China Mobile Limited and its ultimate controlling shareholder, China Mobile Communications Group Co., Ltd., formerly known as China Mobile Communications Corporation, "CMCC"), a Chinese state-owned company. China Mobile Limited provides mobile voice and multimedia services through its nationwide mobile telecommunications network across mainland China and Hong Kong.
China Mobile Limited is listed on both the NYSE and the Hong Kong Stock Exchange. It is the largest mobile telecommunications corporation by market capitalisation, and also the world's largest mobile network operator by total number of subscribers, with over 946.73 active subscribers as of June 2020.
As of 31 October 2020, China Mobile Limited's total market value stood at HK$965 billion, which is the largest red chip company.
History
A state-owned enterprise directly controlled by the government of the People's Republic of China and also a public company which is listed on the NYSE and the Hong Kong stock exchanges, China Mobile has dominated Chinese mobile services since its inception for civilian and military purposes. According to the United States Department of Defense, the company has links to the People's Liberation Army. 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 Telecommunications Corporation.
