China Mobile revenue hits $133b in 2021

An offline office of China Mobile. [Photo/IC] China Mobile posted a revenue of 848.3 billion yuan ($133 billion) in 2021 and its year-on-year growth rate hit 10.4 percent, a 10-year high, as the company saw rising demand for business and home-network services. Net income at the world’s largest mobile operator rose 7.7 percent to 116.15 billion yuan in 2021. Specifically, China Mobile’s digital transformation business recorded arevenue of 159.4 billion yuan, a year-on-year increase of 26.3 percent, which contributed nearly 60 percent to its rise in communication service revenue, and was the first driving force for the company’s revenue growth….