China Has Been Good to Mobile
As at the end of April, China had over 1.03 billion mobile subscribers, 1.1 percent more than in the previous month and up a hefty 14.4 percent compared to the year-ago period, according to China’s Ministry of Industry and Information Technology. This number also represented a user density of 73.6 percent of China’s population.
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Compare this with 283.76 million subscribers for fixed line services, which are 21.3 percent of the population but way behind mobile penetration.
Of the mobile group, 158.97 million used 3G services, representing 15.43 percent.
The country’s mobile users have a penchant for texting, and sent 70.78 billion short messages, a daily average of 2.3 messages per phone number.
Clearly, mobile is the way to go in China.
But as the market continues to grow rapidly, let’s not forgot the nation’s major carriers — China Mobile (NYSE:CHL), China Unicom (NYSE:CHU), and China Telecom (NYSE:CHA) — all of which have vast potential for growth in the world’s most populous country.