China Mobile
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File:China Mobile Logo 2013.svg | |
Native name | 中国移动通信集团公司 |
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Company type | State-owned enterprise |
Industry | Telecommunications |
Headquarters | , |
Revenue | 741,479,870,000 renminbi (2018) |
114,280,000,000 (2017) | |
Owner | State Council of the People's Republic of China (Communist Party of China) |
Parent | State-owned Assets Supervision and Administration Commission of the State Council |
Website | 10086.cn |
Native name | 中国移动有限公司 |
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Company type | Public company |
SEHK: 941 NYSE: CHL | |
Industry | Telecommunications |
Predecessor | China Telecom (Hong Kong) Limited[1] |
Founded | September 3, 1997[2] |
Headquarters | 60/F, The Center, , China (registered office) |
Area served | Mainland China, Hong Kong, Pakistan |
Key people | Bing Shang (Chairman) Li Yue (CEO)[3] |
Products | Fixed line and mobile telephony, internet services |
Revenue | CNY 641.448 billion ($100.4 billion, 2014)[4][5] |
CNY 142.6 billion ($22,3 billion, 2014)[4] | |
CNY 109.4 billion ($17,1 billion, 2014)[4] | |
Total assets | CNY 1,296 billion ($203 billion, 2014)[4] |
Number of employees | 241,550 (2014)[4] |
Parent | China Mobile Communications Corporation (CMCC) |
Website | chinamobileltd.com |
China Mobile | |||||||
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Simplified Chinese | 中国移动通信集团公司 | ||||||
Traditional Chinese | 中國移動通信集團公司 | ||||||
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Alternative Chinese name | |||||||
Simplified Chinese | 中国移动有限公司 | ||||||
Traditional Chinese | 中國移動有限公司 | ||||||
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Second alternative Chinese name | |||||||
Simplified Chinese | 中国移动 | ||||||
Traditional Chinese | 中國移動 | ||||||
Literal meaning | China Mobile | ||||||
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China Mobile Communications Corporation is a Chinese state-owned[6] telecommunication company that provides mobile voice and multimedia services[7] through its nationwide mobile telecommunications network.[2] The company is the largest mobile telecommunications company by market capitalization today, and it was named as such in March 2011.[8] China Mobile Limited is listed on both the NYSE and the Hong Kong stock exchange.[2]
As of May 2016, China Mobile is the world's largest mobile phone operator by subscribers with about 835 million.[9]
History
A state-owned enterprise directly controlled by the government of the People's Republic of China[6] and also a public company that is listed on the NYSE and the Hong Kong stock exchanges,[2] 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.[10] China Unicom and China Telecom have 20% and 10% shares, respectively.[10]
Incorporated in 1997 as China Telecom (Hong Kong) Limited,[1] China Mobile was born from the 1999 break-up of China Telecom.[11] (This company continues to provide mobile services, however.[10])
State control
The company likely enjoys substantial protectionist benefits from China's government[12] but also experiences frequent government intervention in its business affairs.[13] 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,[14] which in turn holds over seventy percent ownership of China Mobile–the remainder being controlled by public investors.[2] Established in 2000,[14] CMCC is China Mobile Ltd's current parent company as of 2011.[15]
Rural subscriber base
China Mobile has historically held a greater share of the rural market than competitors.[17] By 2006, its network had expanded to provide reception to 97% of the Chinese population,[18] and the company has since seen a sustained stream of new, rural mobile customers.[17]
It also offers services targeted at the rural market including an agricultural information service, which facilitates a variety of activities such as the sale and purchase of agricultural products, access to market prices for produce and crops, wire transfers, bank withdrawals, and payments, etc.[19]
Overseas activities
The company branched out in 2007 with the purchase of Paktel in Pakistan[20] launching the Zong brand there a year later.[21]
In 2013, China Mobile eyed expansion into Myanmar expressing interest in bidding for one of two licences on offer in a partnership with Vodafone although this plan ultimately fell through.[22]
Domestic acquisitions
In May 2008, the company took over China Tietong, a fixed-line telecom[23] and the then third-largest broadband ISP in China[24] adding Internet services to its core business of mobile services.
Network
China Mobile operates a GSM network,[25] which encompasses all 31 provinces, autonomous regions, and directly administered municipalities in Mainland China and includes Hong Kong, too.[2] GPRS is utilized for data transmission.[26]
- 3G
The company controls 70% of the Chinese mobile market but a far smaller percentage of the 3G market.[10] As of May 2012, its nearly 60 million 3G subscribers account for roughly 9% of its total subscriber base,[27] which is an increase from 3% in 2010.[10]
Its 3G network, still under construction in 2010, utilizes the TD-SCDMA standard, which China Mobile helped develop. 3G service is available in all of the 4 direct-controlled municipalities and most of the 283 prefecture-level cities in China as of 2010.[28]
- 4G
As of 2010, China Mobile has debuted small-scale 4G demonstration networks using a variant of 3GPP's Long Term Evolution, TD-LTE, and has plans for larger, citywide demonstration networks in the future.[28] As of May 2012, such networks are in operation.[27]
While prior iPhone models couldn't use the China Mobile network due to the chipset relying on WCDMA-based networks, talks to carry the then unreleased 4G iPhone (iPhone 5) began in mid-2012.[27] The iPhone 5c and iPhone 5s were sold through China Mobile starting in January 2014.[29]
- Everest
In 2003 and again in 2007, China Mobile provided mobile services on Mount Everest.[30]
- Spratly Isles coverage
In May 2011, China Mobile announced its network now includes the controversial Spratly Islands.[31]
Nokia deal
In October 2014, Nokia and China Mobile signed a $970 million framework deal for delivery between 2014 and 2015.[32][33]
Service brands
China Mobile uses other names to differentiate its offerings.
Mainland China
Mobile services are available in Mainland China under several brands as of 2007.[34] As of 2013, the below brands are scheduled to be slowly phased out and replaced by an all-encompassing new brand name—And[35]—whose logo combines an exclamation point, the Chinese character for "peace" (Chinese: 和, Hanyu Pinyin: Hé), as well as the English word "and".[36]
- Easyown
(Chinese: 神州行, Hanyu Pinyin: Shénzhōuxíng Rough translation: "Travel across China"[37] (lit. "travel the holy states")): a basic prepaid mobile phone service more heavily marketed in rural areas[18]
- GoTone
(Chinese: 全球通, Hanyu Pinyin: Quánqiútōng Rough translation: "Global Connect"): subscription[37] flagship brand[38]
- M-zone
(Chinese: 动感地带, Hanyu Pinyin: Dònggǎndìdài Rough translation: "Dynamic Area"): a premium prepaid service popular with youths[38]
- G3
A 3G service brand[36] (likely introduced post-2007)
Hong Kong
Peoples is a wholly owned subsidiary of China Mobile (Hong Kong) Limited. It offers GSM, GPRS, EDGE, HSPA+ (MVNO), FD-LTE and TD-LTE technologies to customers in this Special Administrative Region.[39][40]
Pakistan
- Zong is China Mobile's brand in Pakistan and is operated by China Mobile Pakistan (CMPak),[21] a subsidiary.
Sponsorship
The company was the main sponsor of China's national basketball team at the 2010 FIBA World Championship in Turkey.[41]
References
- ^ a b Milestone China Mobile Official Site
- ^ a b c d e f Company Profile China Mobile Official Site
- ^ "People: China Mobile Ltd". Reuters. Retrieved 26 November 2015.
- ^ a b c d e "Annual Report - 2014" (PDF). China Mobile Limited. Retrieved 26 November 2015.
- ^ "Financial Statements for China Mobile Ltd. (ADR) - Google Finance". Retrieved 6 August 2015.
- ^ a b Strait deals The Economist, 7 May 2009
- ^ Company Profile Archived 2009-06-04 at the Wayback Machine CMCC Official Site
- ^ FT Global 500 (PDF). The Financial Times. March 2011. Retrieved 4 January 2012.
- ^ Operation Data – Customer Numbers China Mobile Official Site
- ^ a b c d e China Mobile Still Dominates, but Faces Competition in 3G. morningstar.com, 22 October 2010
- ^ Asian economic and political issues, Volume 8 (page 68) Frank Columbus, Nova Publishers, 2003 (Google Books)
- ^ Asian Economic and Political Issues, Volume 8 (page 54) 2003. Frank Columbus. Nova Publishers. (Google Books)
- ^ Asian Economic and Political Issues, Volume 8 (page 84) 2003. Frank Columbus. Nova Publishers. (Google Books)
- ^ a b CMCC Profile CMCC Official Site (Archive.org cache)
- ^ China Mobile, MTR, SJM Holdings, ZTE: Hong Kong Stocks Preview By Kana Nishizawa, bloomberg.com – 17 May 2011 5:54 PM PT
- ^ Copyright World Economic Forum
- ^ a b "Chinese Telecom: China Mobile Leads the Way". Bloomberg BusinessWeek. 5 August 2009
- ^ a b Homepage > Brand & Products > Business Review CMCC Official Site
- ^ 2008 Corporate Social Responsibility Report – Rural Program CMCC Official Site
- ^ CMCC Officially Enter Pakistani Telecommunication Market, 25 March 2007 CMCC Official Site
- ^ a b ZoNG the first international brand of China Mobile being launched in Pakistan, 5 April 2008 CMCC Official Site
- ^ "Vodafone and China Mobile pull out of Myanmar race". reuters.com. Thomson Reuters. 31 May 2013. Retrieved 10 April 2016.
- ^ Telecoms in China The Economist, 29 May 2008
- ^ China Mobile to take over China Tietong Telecom
- ^ Beijing Olympic Games spur another technological leap forward CMCC Official Site, 18 Aug 2008
- ^ Homepage > About CMCC > Networks & Technologies CMCC Official Site
- ^ a b c Lee, Chyen Yee (16 May 2012). "China Mobile in talks with Apple for iPhone". reuters.com. Thompson Reuters. Retrieved 20 May 2012.
- ^ a b China Mobile Limited: Annual Report 2010 (PDF). China Mobile Ltd. 2010. pp. 13–14. Retrieved 18 June 2011.
- ^ Anthony Ha. "Apple Announces Deal To Bring iPhones To China Mobile Starting On Jan. 17". TechCrunch. AOL. Retrieved 6 August 2015.
- ^ For 2003 service, see Everest goes online for anniversary Mary Hennock, bbc.co.uk, Wednesday, 23 April 2003, 04:23 GMT 05:23 UK
- For 2007 service, see China tests Mt. Everest cell station msnbc.msn.com, 13 November 2007 8:09:24 PM ET
- ^ Ian Mansfield, 18 May 2011, China Mobile Expands Coverage to the Spratly Islands, Cellular News
- ^ "Nokia, China Mobile sign $970 million framework deal" (Press release). Reuters. 10 October 2014.
- ^ "Nokia, China Mobile sign $970 million framework deal". Investing.com. 10 October 2014.
- ^ "Our Brands". China Mobile. 2007. Archived from the original on 4 December 2010. Retrieved 18 March 2008. (Archive.org cache)
- ^ "Leo Burnett Wins Pitch for Telecom Giant China Mobile 'And' Brand". leoburnett.com. Leo Burnett. 12 January 2016. Retrieved 10 April 2016.
- ^ a b Jingting, Shen (18 December 2013). "China Mobile launches new 4G service brand". chinadaily.com. China Daily.
- ^ a b "DIFFERENCE BETWEEN QUANQIUTONG AND SHENZHOUXING". Wangjianshuo's blog. Shanghai. 19 March 2003. Retrieved 4 January 2012.
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suggested) (help) - ^ a b Homepage > Brand & Products > Our Brands CMCC Official Site (Archive.org cache)
- ^ "Peoples: Company Profile (English)". China Mobile Peoples Telephone Co. Ltd. 2008. Archived from the original on 2 August 2008. Retrieved 27 September 2008.
- ^ "Corporate Overview". Retrieved 6 August 2015.
- ^ 2010 FIBA World Championship Team photos, FIBA.com, Retrieved 19 July 2016.
External links
- Hang Seng China 50 Index
- China Mobile
- 1997 establishments in China
- Chinese brands
- Companies established in 1997
- Companies listed on the Hong Kong Stock Exchange
- Companies listed on the New York Stock Exchange
- Companies of China
- Government-owned companies of China
- Internet service providers of China
- Mobile phone companies of China