China Mobile Loses About 4 Million Subscribers in Quarter
- March toward 1 billion users reverses as virus thwarts demand
- Revenue fell in first quarter even as 5G subscriptions rose
Signage for China Mobile Ltd. is displayed outside a store in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Sign up for Next China, a weekly email on where the nation stands now and where it's going next.
China Mobile Ltd.’s wireless user base shrank in the first quarter as the spread of the new coronavirus shut down China’s economy and prompted millions to cancel services at the country’s largest mobile carrier.