History
A state-owned enterprise directly controlled by the government of the People's Republic of China and also a public company that is listed on the NYSE and the Hong Kong stock exchanges, China Mobile has dominated Chinese mobile services since its inception. As of 2010 China Mobile controls the vast majority of its domestic mobile services market with a 70% market share. China Unicom and China Telecom have 20% and 10% shares, respectively.
Incorporated in 1997 as China Telecom (Hong Kong) Limited, China Mobile was born from the 1999 break-up of China Telecom. (This company continues to provide mobile services, however.)
Read more about this topic: China Mobile
Famous quotes containing the word history:
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)
“The history of this country was made largely by people who wanted to be left alone. Those who could not thrive when left to themselves never felt at ease in America.”
—Eric Hoffer (1902–1983)
“History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s damn is the history we make today.”
—Henry Ford (1863–1947)