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China Mobile's (CHL) text messaging revenue declined to CNY 46.5B ($7.33B) last year, down from...
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Monday, September 10, 2012, 5:16 PM ETChina Mobile's (CHL) text messaging revenue declined to CNY 46.5B ($7.33B) last year, down from a 2009 peak of CNY $53.6B ($8.46B). The drop highlights the disruptive impact instant messaging and microblogging platforms, such as Tencent's QQ and Sina's Weibo, are having on the business models of Chinese carriers. Thus far at least, U.S. carriers have been able to avoid the same fate
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