THE RESULTS: China Mobile Ltd., the world’s biggest phone company by subscribers, says earnings in the first half rose 6 percent.
THE REASON: Sales were boosted by greater usage of mobile Internet devices. China Mobile added 32.8 million customers in the first half for a total of 610 million at the end of June.
THE TREND: The company has thrived as people in China switch from landlines to mobile phones. The company has promoted nontraditional services such as mobile Internet to drive revenues from music downloads, online payment services, Internet shopping and other businesses.