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  • Previous Rank55
  • Revenues ($M)$106,761
  • Revenue Percent Change-0.7%
  • Profits ($M)$10,144
  • Profits Percent Change-2.9%
  • Assets ($M)$251,113
  • Employees436,651

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.

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Company Information

CEO
Li Yue
Sector
Telecommunications
Industry
Telecommunications
HQ Location
Beijing, China
Employees436,651
Websitehttp://www.10086.cn%20
Years on Global 500 List16
Government owned 50% or more.

China Mobile Communications Rank History

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%
Profits as % of Stockholder Equity7.5%