Top Companies in China

China Mobile

provides mobile voice and multimedia services[1] through its nationwide mobile telecommunications network, the largest of its kind in the world.[2] While a state-owned enterprise,[3] it is listed on both the NYSE and the Hong Kong stock exchange.[2] In addition to the world’s largest mobile network, China Mobile has also the greatest number of mobile subscribers.[4] As of 2009, it is the world's largest mobile phone operator, with over 508 million customers,[2][5] the largest Chinese company listed overseas and the largest telecom in Asia.

A state-owned enterprise directly controlled by the government of the People's Republic of China[3] but also a public company that is listed on the NYSE and the Hong Kong stock exchange,[2] China Mobile has dominated Chinese mobile services since its inception. [edit] State control China Mobile was created from the mobile-phone division of China Telecom after its 1999 break-up,[6][7] and incorporated in 2000.[7] It enjoys substantial protectionist benefits from China's government[8][6] but also experiences frequent government intervention in its business affairs.[8][6] As late as 2003, and as a result of governmental protectionism, China Mobile was one part of a duopoly that saw China Unicom and China Mobile control China's mobile services market.

Listed in 1997, government control is maintained through China Mobile Communications Corporation, a presumably government-owned holding company, which owns 100 percent equity interest in China Mobile (HK) Group Limited[9] that in turn holds over seventy percent of China Mobile's equity interest, the remainder being controlled by public investors.[2] [edit] Rural subscriber base China Mobile has historically held a greater share of the rural market than competitors.

By 2006 it had expanded its network so that 97% of the Chinese population lived in an area that received reception[11] and has since seen a sustained stream of new, rural mobile customers.[10] China Mobile also offers information services targeted at the rural market, chief among these being the Agricultural Information Service, which allows a variety of activities to take place through the use of mobile phones and the internet. These include the sale and purchase of agricultural products, access to market prices for agricultural products, connecting potential employees with employers looking to hire, dissemination of information by local government, wire transfers, bank withdrawals and payments, etc