China Mobile 2008 Mobile Music Revenues Exceed RMB 16 Bln

CCTV.com, 3/21/09

At a business summit held during the China Development Forum 2009, Wang Jianzhou, chairman and CEO of China Mobile (NYSE: CHL; 0941.HK), revealed that the company recorded revenue of RMB 16.3 bln in 2008 from its mobile music business (including mobile ringback tones and mobile downloadable music), exceeding the revenue of all record publishers as well as film box offices in China combined. Over 300 mln mobile subscribers currently utilize the company's mobile music functionality.

Wang revealed further that China Mobile currently has over 40 mln users subscribed to its mobile papers.

Keywords: China Development Forum WVAS mobile paper 0941.HK China Mobile CHL mobile music revenue Wang Jianzhou wireless ringback tone

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