China Mobile’s H1 profits rose 18.9% on year, expects China’s digital economy to account for 50% of GDP by 2025
COMPANY NEWS DATA
China Mobile’s H1 profits rose 18.9% on year, expects China’s digital economy to account for 50% of GDP by 2025
COMPANY NEWS DATA

China Mobile’s H1 profits rose 18.9% on year, expects China’s digital economy to account for 50% of GDP by 2025

 

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China Mobile reported a revenue of 496.9 billion yuan in the first half of the year, rising 12% from the same period last year, compared to expected 480.9 billion yuan.

Its profits attributable to shareholders reached 70.3 billion yuan in the first half, rising 18.9% from a year earlier, it said.

China Mobile said that China’s digital economy is expected to account for more than 50% of the country’s GDP by 2025, up from 39.8% in 2021, and China’s information service market will grow to 22.8 trillion yuan from 12.5 trillion yuan in 2021, which will provide an opportunity for the company’s digital transformation.