What China Mobile does

China Mobile Limited (HKEX:0941 / SSE:600941) is a Hong Kong-incorporated, dual-listed state-owned telecommunications operator controlled by China Mobile Communications Group Co., Ltd. (CMCC), which holds approximately 68.80% of shares. It is the world's largest mobile operator by subscribers, serving 1,005 million mobile customers, 110 million gigabit broadband customers, and 1,480 million IoT card connections across all 31 provinces of mainland China, Hong Kong SAR, and 200+ countries via roaming and international infrastructure. FY2025 operating revenue was RMB 1,050.2 billion (approximately US$144 billion), with the operator ranked first globally among publicly listed telecom operators by market capitalization (~US$234.8 billion).

The company operates a "three principal businesses" architecture: communications services (5G/5G-A, broadband, satellite mobile communications), computing services (data centers, cloud, intelligent computing at 92.5 EFLOPS FP16), and AI services (built around the proprietary Jiutian 3.0 foundation model and the MoMA service engine aggregating 300 large language models). Underlying infrastructure includes over 2.77 million 5G base stations, the world's first commercial 5G-A intelligent core network, commercial hollow-core optical fiber lines, a three-tier computing network (1ms/5ms/20ms latency), and self-developed silicon (Breaking Wind 8676 5G RF transceiver, Beidou communication-navigation chip). The AI stack spans the Mobile Multi-Agent System (deployed across 1M+ cells in partnership with Huawei), 50+ industry-specific large models, a 3B-parameter VLA embodied intelligence model, and the world's first Tibetan language LLM (DeepZang).

Revenue is generated through mass-market subscriptions (consumer mobile ARPU RMB46.8/month; household blended ARPU RMB44.5/month; GoTone premium brand with 200M customers), B2B/G2B contracts (36.17M government and enterprise customers contributing RMB240.4B at +6.1% YoY), cloud and computing services (RMB89.8B, +11.1% YoY), AI services (RMB90.8B, +5.3% YoY), consumer AI token packages priced as low as 0.62 yuan per million tokens via co-branded channels with Tencent, Alibaba, and Huawei, and international business (RMB29.3B, +28.5% YoY). Distribution combines direct enterprise sales, a national branded retail network, the China Mobile App (346M MAU), authorized resellers, the Zong subsidiary in Pakistan, and a global partner data center network exceeding 1,300 facilities.

Name

China Mobile

Legal name

China Mobile Limited

Website

https://chinamobileltd.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

China Mobile is the world's largest mobile operator by subscribers, providing integrated communications, computing, and AI services to over 1 billion mobile customers, 110 million broadband subscribers, and 36 million government and enterprise customers across mainland China, Hong Kong, and 200+ countries.

Ownership category

akta.pro rank

Product category

Telecommunications Services

NAICS

Wireless Telecommunications Carriers (except Satellite) (517112), Wired Telecommunications Carriers (517111)

SIC

Telephone Communications (No Radiotelephone) (4813), Radiotelephone Communications (4812)

akta.pro primary industry

IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity) (HDAIAGAG)

akta.pro secondary industries

VoIP Access & ITSP Services (HDAIAHAD), Industrial/OT Private Connectivity (Factory, Mining, Ports) (HDAIAGAD)

Keywords

• Mobile telecommunications services
• Cloud computing services
• 5G network services
• Enterprise ICT solutions
• AI foundation models

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Communications Services: Recurring monthly subscription services across mobile communications (1,005M customers), broadband networks (gigabit broadband: 110M customers), cellular IoT (1,480M IoT card connections), and satellite Internet. Includes wireless data traffic (RMB369.1B in 2025) and wireline broadband (RMB141.6B, +8.7% YoY). Total 2025 communications services revenue: RMB714.9 billion (-1.0% YoY). Recurring subscription model.
2. Computing Services: Recurring and usage-based revenue from data centers (including AIDC), cloud computing services (China Mobile Cloud), and cloud computing applications (Cloud Drive, Cloud Video, Cloud PC). Includes intelligent computing services (+279% YoY in 2025). Total 2025 computing services revenue: RMB89.8 billion (+11.1% YoY). Mix of subscription and consumption-based.
3. AI Services: Recurring revenue from data algorithms, embodied intelligence, digital intelligence culture, digital intelligence e-commerce, and industry digital intelligence services. Includes Jiutian-based products and AI token packages for consumers. Total 2025 AI services revenue: RMB90.8 billion (+5.3% YoY). Includes subscription and usage-based token pricing.
4. Other Businesses (Hardware Sales): Sales of mobile handsets and other terminal products. 2025 revenue: RMB154.7 billion (+2.2% YoY). One-time hardware sales model.
5. AI Token Packages (Consumer): Usage-based AI token subscription packages launched in 2025 for consumers and developers. China Mobile partnered with Tencent for entry-level packages (400,000 tokens for 1 yuan); Jiangsu operations offer 20M tokens for 40 yuan. Pay-as-you-go / metered consumption model.
6. Applications and Information Services: Includes industry-specific large models, digital intelligence culture (MIGU), fintech, FinTech anti-fraud products, and 5G+/AI industry solutions. 2025 revenue: RMB258.8 billion (+6.1% YoY). Mix of subscription and managed services.
7. International Market Revenue: Revenue from international roaming, information services, 'Hand in Hand Program', and exports of high-quality products/capabilities supporting Chinese enterprises going global under the 'Belt and Road' Initiative. 2025 international revenue: RMB29.3 billion (+28.5% YoY).

Pricing tiers

Go-to-market motion5 records

Distribution channels8 records

Marketing channels8 records

Core offering

China Mobile Limited operates integrated communications, computing, and AI services across mainland China, Hong Kong SAR, and 200+ countries. The company delivers mobile communications (1,005M customers), broadband (110M gigabit customers), 5G/5G-A networks, cloud computing, AI services powered by the proprietary Jiutian foundation model, and enterprise/government ICT solutions. Its three principal businesses are communications services (RMB714.9B revenue), computing services (RMB89.8B), and AI services (RMB90.8B), supported by 92.5 EFLOPS of intelligent computing capacity and the world's largest IoT connection management platform.

Product overview

China Mobile Limited (中国移动通信有限公司) operates a platform-plus-modules architecture organized around three principal businesses: communications services, computing services, and AI services. The unified platform spans 31 provinces of mainland China and Hong Kong SAR, with the brand system comprising the "China Mobile" corporate brand, five customer brands (GoTone, M-Zone, Easyown, China Mobile Aijia, China Mobile Smart Enterprises), and four product brands (Mobile Cloud, Jiutian, MIGU, Wutong). Core platform services include the MoMA service engine aggregating 300+ LLMs (including the proprietary Jiutian 3.0 foundation model), the AIoT platform (world's largest connection management platform with 1.48 billion IoT connections), and China Mobile Cloud. Module-level add-ons span AI Token packages, MobileClaw intelligent agent framework, Lingxi smart agent (100M+ MAU), Cloud Drive, Cloud Video, Cloud PC, AI-eSIM, FTTR, Mobile HD, the Lingxi robot dog, and 50+ industry-specific large models across energy, water resources, and agriculture. Infrastructure layers include AIDC (AI Data Centers) with 92.5 EFLOPS total intelligent computing capacity, the 5G-A intelligent core network (over 2.77M 5G base stations), the satellite mobile communications business, and the Computing Network Brain 3.0 across eight national-level platforms.

Differentiator

Problem solved

Functional benefit

Brands

• GoTone: Mass-market premium customer brand for individual customers; reached 200 million customers in 2025. Premium service brand of China Mobile Hong Kong also operates as GoTone Privilege Club.
• M-Zone
• Easyown
• China Mobile Aijia (AI Home)
• China Mobile Smart Enterprises
• Mobile Cloud
• Jiutian
• MIGU
• Wutong
• Lingxi

Products and services

• China Mobile Communications Network (5G/5G-A/Satellite) Core mobile communications platform with 5G, 5G-A, satellite mobile communications, and cellular IoT (1,480M IoT connections) serving 1,005M mobile customers and 642M 5G network customers.
• China Mobile Cloud

Quantifiable outcome

• AI-powered closed-loop assurance reduced mean time to repair by 25% with ~4 million yuan in annual savings per province
• +9 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability17 records

Feature14 records

Partnerships

21 partnerships are on record, tiered major, minor and flagship.

• DAIMON RoboticsmajorStrategic or Co-development Partner · 1 June 2026Major partnership to build distributed data collection network for embodied AI training, leveraging China Mobile's offline stores nationwide. First pilot base in Chenzhou, Hunan set to begin operations July 15, 2026. Open-sourced 10,000 hours of data with China Mobile among collaborators.
• Daimon Robotics (collaboration)minorStrategic or Co-development Partner · 1 June 2026Daimon-Infinity omni-modal robotic dataset developed in collaboration with Google DeepMind, Northwestern University, NUS, and China Mobile.
• EricssonmajorTechnology or Integration · 1 May 2026Ericsson, China Mobile, and OPPO successfully completed China's first consumer-oriented UE-level and application-level network slicing test on a live 5G Standalone commercial network in Dezhou, Shandong province. Demonstrated over 2x speed improvement for livestreaming/short video and 30%+ latency reduction for gaming and AI object recognition.
• OPPOmajorTechnology or Integration · 1 May 2026Partnered with Ericsson and China Mobile on 5G Standalone network slicing test with AI service recognition at the UE level in Dezhou, Shandong. Validated enhanced performance in streaming, gaming, and AI-powered device workflows.
• TencentmajorStrategic or Co-development Partner · 1 May 2026Strategic partnership for AI token packages; partnered with China Mobile to offer entry-level 400,000 tokens for 1 yuan through consumer-facing AI subscription. Part of ecosystem integrating ~300 AI models.
• AlibabamajorStrategic or Co-development Partner · 1 May 2026Co-developed AI token operations ecosystem integrating around 300 AI models; partnered with China Mobile for consumer-facing AI token packages.
• ZTE CorporationmajorTechnology or Integration · 1 May 2026Partnered with China Mobile for AI token ecosystem; jointly won GSMA GLOMO 'Open Gateway Challenge' award for AI-Powered Open Gateway solution; partnered on 5G-A field verification for GigaMIMO series (ZTE's 6G vision); SPN transport solutions for large-scale 5G deployments.
• Inwi (Morocco)majorChannel Partner/ Reseller/ Distributor · 1 April 2026Signed deal with China Mobile to develop Morocco's first private 5G network for industrial applications at a 52-hectare site in Nador. Represents international 5G expansion.
• Guangxi Liuzhou Iron and Steel GroupmajorStrategic or Co-development Partner · 1 April 2026Collaborated with Huawei and China Mobile Guangxi Branch to launch the Xuantie Steel Model - China's first large language model specifically engineered for steel manufacturing, achieving 8.5% productivity increase and CNY5/ton cost reduction.
• HKBN Ltd.majorStrategic or Co-development Partner · 1 April 2026Strategic partnership with five synergy areas including cross-border telecom services and network integration. HKBN reported H1 2026 revenue up 5.1% YoY and net profit up 20%.
• Google DeepMindminorStrategic or Co-development Partner · 1 April 2026Collaborated on Daimon-Infinity, the world's largest omni-modal robotic dataset for physical AI featuring high-resolution tactile sensing data, alongside Northwestern University, NUS, and China Mobile.
• Purple Mountain LaboratoriesminorStrategic or Co-development Partner · 1 April 2026Developed China's first pre-6G test network in Nanjing, Jiangsu Province, integrating 6G technologies into existing 5G infrastructure with capabilities reaching up to 10x current 5G networks. Launched Nanjing 6G Future Industry Fund Cluster with $485 million committed investment.
• MTS (Russian operator)majorStrategic or Co-development Partner · 1 March 2026Signed long-term cooperation agreement to collaborate on deploying AI-based autonomous network infrastructure in Russia; includes new complex solutions for B2B partners at MTS.
• Huawei Mobile WiFi X (exclusive partnership)minorOEM/ Whitelabel/ Licensing Partner · 1 March 2026Huawei's X-shaped Mobile WiFi X device launched as an exclusive partnership with China Mobile in China.
• Hong Kong Broadband Network (acquisition)majorStrategic or Co-development Partner · 1 March 2026China Mobile successfully acquired Hong Kong Broadband Network, leveraging synergy to offer more diverse and high-quality communications and digital services to Hong Kong consumers.
• Choknor (DeepZang developer)minorStrategic or Co-development Partner · 1 March 2026China Mobile's Xizang branch signed cooperation agreement with Choknor to explore applications of DeepZang (world's first Tibetan-language LLM) in government services, education, healthcare, and finance.
• Huawei TechnologiesflagshipStrategic or Co-development Partner · 1 December 2024China Mobile's most strategic technology partner. Jointly developed the GTI Award-winning mobile multi-agent system (A2A-T protocol). Co-developed the Xuantie Steel Model for Liuzhou Steel. Validated AI Inference Acceleration Solution on China Mobile Hubei's live network achieving 372% token throughput improvement. Co-developed MobileClaw intelligent agent framework. Achieved Autonomous Network Level 4 in partnership. Won 8 GSMA GLOMO Awards together at MWC Barcelona 2026.
• China Mobile Communications Group Co., Ltd. (CMCC)flagshipStrategic or Co-development PartnerChina Mobile Limited's ultimate controlling shareholder, holding approximately 68.80% of issued shares as of 31 December 2025. All China Mobile Limited executive directors are also Directors of CMCC and CMC (China Mobile Communication Co., Ltd.).
• 3GPP (Standards Body)majorOthersChina Mobile led the completion of the 3GPP '6G Scenarios and Technical Requirements' standard research project (TR38.914) as project reporter; first Chinese company to chair the 3GPP RAN1 Working Group; number of 6G projects initiated places China Mobile in first tier among global operators.
• TM ForummajorOthersMember of TM Forum's collaborative R&D spaces and Catalyst projects; achieved Autonomous Network Level 4 autonomy in partnership; targets 30% OPEX reduction using large AI model with over 10 billion parameters.
• TelstraminorOthersCo-participant in TM Forum collaboration on AI adoption among telecom operators; Telstra developed 'knowledge plane' architecture - referenced alongside China Mobile's work in the same TM Forum context.

Scale indicators18 records

Recent moves12 records

Expansion highlights8 records

Direct peers

• China Telecom Corporation Limited: State-owned Chinese telecommunications operator and one of China Mobile's two main domestic SOE rivals. Competes directly in mobile, broadband, cloud, and AI services across mainland China with overlapping government/enterprise and consumer segments.
• China Unicom (Hong Kong) Limited: The third major state-owned telecom operator in China, competing head-to-head with China Mobile in mobile, fixed broadband, and enterprise ICT/cloud. Operates similar SOE structure with its own parent (China United Network Communications Group).

Broad incumbents

• Verizon Communications: Largest US wireless carrier with comparable mobile and broadband business model and is investing in 5G, edge compute, and AI for networks. Provides a relevant global benchmark for ARPU dynamics, capex intensity, and enterprise services.
• AT&T Inc. Major US telecom incumbent offering mobile, broadband, and enterprise services comparable to China Mobile's mass-market and B2B segments. Useful for benchmarking fixed-mobile convergence and 5G monetization strategies.
• Deutsche Telekom AG: Europe's largest telecom operator with T-Mobile US exposure; relevant comparable for integrated telecom + cloud (T-Systems) and AI strategy under a partially state-influenced ownership structure.
• NTT (Nippon Telegraph and Telephone): Japanese incumbent telecom with major enterprise ICT, cloud, and AI/data center operations (NTT Data). Provides a relevant benchmark for an integrated telecom-IT business in an Asian context with mature-market ARPU dynamics.
• Vodafone Group: Global telecom operator with European and African operations, offering mobile, fixed, enterprise IoT, and cloud services. Comparable for international footprint, B2B/IoT focus, and ARPU pressure in mature markets.

Regional players

• Bharti Airtel Limited: India's largest private telecom operator and a Zong competitor in South Asia; provides a relevant comparison for emerging-market mobile operator economics, ARPU growth strategies, and AI/5G rollout in price-sensitive markets.

Emerging players

• Reliance Jio Infocomm: India's newest 4G/5G disruptor driving aggressive data pricing and bundled digital services. Relevant comparable for next-generation telecom business models integrating connectivity, content, and AI services.

Others

• Alibaba Group (Cloud Division): China's leading cloud and AI infrastructure provider and a direct competitor in China Mobile Cloud and AI token services. Partner and competitor simultaneously via the AI token ecosystem; key benchmark for cloud/AI unit economics in China.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat8 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubechinamobileltd.com/en/media/video.php
• LinkedInlinkedin.com/company/china-mobile-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments26 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about China Mobile