China Mobile Profit 53.55 Billion RMB 2005

China Mobile published their 2005 financial report today. They pocketed 53.55 billion RMB (CAD $7.9 billion) in the year 2005, an 28% increase compare to the previous year. SMS (Short Message Service) alone gained 24.67 billion RMB (CAD $3.63 billion) in the Chinese mobile communication market. Ringing Tone download service and WAP (Wireless Application Protocol) are the other two major profitable services offered by China Mobile. According to my experience, SMS is way more popular in China than here in Canada. Maybe this is due to the "cheaper" telephone rate and "fancy" mobile service plans we have here.

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