BEIJING – China Mobile, the country’s leading telecom operator, reported slightly higher operating revenue in the first half of this year.

In H1, the revenue of the company inched up 0.1 percent year-on-year to 389.9 billion yuan ($56.2 billion), the company said in a statement.

The firm saw its revenue from mobile cloud computing skyrocket to 4.46 billion yuan in H1, up 556.4 percent from a year earlier.

Meanwhile, its net profits totaled 55.77 billion yuan, down 0.5 percent from the previous year.

By the end of June, China Mobile had 947 million mobile subscribers, among which 760 million were 4G users and 70.2 million were 5G users, the statement said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Alan Greenspan: I’ve never seen anything like this

New York (CNN Business)The incoming administration of President-elect Joe Biden has its work cut out for it, and getting the virus under control should be the number one priority, according to former Federal Reserve Chairman Alan Greenspan, a move that…

7 parties agree on Belgian coalition government

BRUSSELS — Almost 500 days after Belgian parliamentary elections, seven parties from both sides of the linguistic aisle agreed early Wednesday on forming a fully functioning majority government that will center on dealing with the pandemic and its devastating economic…

Pudong benchmark for foreign investment, innovation in China

The ever-improving business environment and numerous opening-up policies first experimented with in Shanghai’s Pudong New Area over the past three decades have made the 1,210-square-kilometer area the benchmark for foreign investment in China. In an article published in People’s Daily…

Global energy’s historic plunge equivalent to losing entire energy demand of India

In its new report, the IEA predicts that demand will fall by six percent. “In absolute terms, the decline is unprecedented – the equivalent of losing the entire energy demand of India, the world’s third-largest energy consumer,” it said. Advanced economies are…