May 11, 2006
China Mobile's business rocks
Interesting insight on China Mobile's business, extracted from an interview published in News.com of Wang Jianzhou, CEO of China Mobile, a mobile telecommunications service provider that is the country's fourth-largest company in revenue.
-- With 250 million customers --China Mobile adds about 4 million each month--it has the largest mobile phone subscriber base in the world.
-- Value-added services is as high as 20 percent. Twenty percent is a very good proportion for telcos in the world. About half--that means 10 percent of total revenue--is from short messages.
-- This year, the everyday average is 800 million SMS per day for China Mobile only.
-- The revenue income from mobile music is more than the total income of the music industry (in China).
-- In one month, we downloaded a popular song. It is very popular. The name is "The Mouse Loves Rice," "Laoshu ai da mi" (laughter). And there were 5 million downloads per month. And every download costs two yuan (25 cents). That means 10 million yuan ($1.25 million) just for one song.
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