China Mobile reported a 3% increase in revenue for 2020 to 768 billion Chinese yuan (117.4 billion US dollars). Wireline broadband revenue increased by 17.4% year-on-year and reached 81 billion yuan, while revenue from applications and information services increased by 22.4% year-on-year and reached 101 billion yuan.
At the end of 2020, the number of mobile customers reached 942 million of which 165 million customers used 5G. The average handset data traffic per user per month increased by 39% to 9.4GB. However, China Mobile also reported a 1.2% fall in Internet of Things connections to 873 million.
In 2020, China Mobile said it invested 102.5 billion yuan in 5G, adding: "Our cloud-based and centralised standalone (SA) core network commenced operations in September 2020. Throughout the year, we built and put in use around 340,000 new 5G base stations, bringing the total number of 5G base stations to a cumulative 390,000, providing 5G services to all prefecture-level cities, selected counties and key areas in China." Source: China Mobile statements