China Mobile Sees Future in 4G Amid Threat From Tencent’s WeChat
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China Mobile Ltd., the world’s largest phone company by users, sees its future in the expansion of fourth-generation service to help it cope with threats including Tencent Holdings Ltd.’s WeChat message app.
The way that WeChat instant messaging replaces traditional telecom services is “quite severe,” China Mobile’s Chairman Xi Guohua said at the company’s annual shareholder meeting in Hong Kong today. The company must boost data usage and investment in 4G services in response, Xi said.