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HKG:0728 10 February 2025 - 9 February 2026

China Mobile stock slides after Goldman Sachs downgrade as 5G build outlook cools

China Mobile stock slides after Goldman Sachs downgrade as 5G build outlook cools

Hong Kong, Feb 9, 2026, 18:29 HKT — Market closed. China Mobile Ltd dropped 2.1% to HK$78.50 at Monday’s close, after Goldman Sachs pulled its rating to “Neutral” from “Buy” and slashed the target to HK$88—down from HK$105. The brokerage flagged signs of cooling in 5G telecoms services growth, noting its latest checks show new 5G base-station rollouts could slow to 540,000 in 2026 and 500,000 in 2027, which would be 8% and 7% lower, respectively, year-on-year.
Internet Access in China

Internet Access in China

China’s internet landscape is characterized by massive scale, state-controlled infrastructure, and strict governance. With over a billion users online, China hosts the world’s largest internet community, but this access comes with significant restrictions and a parallel digital ecosystem separate from the global internet. Below is an overview of key aspects of internet access in China, from infrastructure and service providers to censorship policies and emerging trends. China has built an extensive internet infrastructure, largely through state-run enterprises. Major Internet Service Providers in China include:
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