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Global 500

Qilai Shen — Bloomberg via Getty Images

45

China Mobile Communications

China

China Mobile is the world’s largest telecom, beating out Verizon and AT&T for the top spot. At just 19 years old the state-owned company dominates the Chinese market claiming more than two-thirds of the country’s market share. Jumping up 10 spots since last year in the Global 500, China Mobile currently manages the largest 4G network in the world with over 400 million subscribers, and it is currently working on upgrading to a 5G network. It is no longer so lucrative to simply be a wireless operator as online communication appears to be taking over, or at least infringing on, phone calls and mobile-based text messaging. To keep up with the technological advancements, China Mobile is working to transform itself into a digital service provider. The company plans to grow its internet-of-things revenue to $15 billion within the next few years.

CEO

Li Yue

Sector

Telecommunications

Industry

Telecommunications

HQ Location

Beijing, China

Employees

436,651

Years on Global 500 List

16

Government owned 50% or more.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$106,761-0.7%
Profits ($M)$10,144-2.9%
Assets ($M)$251,113
Total Stockholder Equity ($M)$134,371
Profit Ratios
Profit as % of Revenues9.5%
Profits as % of Assets4.0%
Profits as % of Stockholder Equity7.5%