Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

China Mobile sends 607 billion text messages

by Tony Sagami on March 20, 2009

in Asian Market, Stock Market in China

If you’re an old fart like me, you’re probably not a giant sender/receiver of text messages on your cell phone. My kids send them like crazy.

The Chinese, however, send even more. In 2008, China Mobile (CHL: 50.48 -0.39 -0.77%) subscribers sent 607 BILLION text messages.

That is a mountain of text messages and a very lucrative piece of business for China Mobile.

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