Shanghai, Jan 12, 2026, 04:28 CST — Premarket
- China Mobile’s Class A shares on the Shanghai exchange ended unchanged at 100.12 yuan.
- China’s December trade and credit data, out later this week, have investors on alert.
- Comments from AI researchers over the weekend brought renewed attention to power and network infrastructure.
China Mobile Limited’s Shanghai-listed Class A shares (600941.SS) open Monday with investors weighing weekend remarks from Chinese AI experts highlighting an edge in “electricity and infrastructure,” a theme gaining traction in telecom circles. Tencent’s chief AI scientist Yao Shunyu said at a Beijing conference that China enjoys “a significant advantage in electricity and infrastructure,” while Alibaba’s Lin Junyang noted the U.S. computing infrastructure is “one to two orders of magnitude larger.” The stock closed last at 100.12 yuan, unchanged. According to TradingView, the next earnings report lands on March 27, with target prices ranging from 115 to 142 yuan. (Reuters)
Timing is key as investors hunt for China-listed stocks tied clearly to data centres, cloud capacity, and network investment—minus the wild swings seen in smaller tech firms. Telecom carriers aren’t pure AI bets, but they occupy a crucial spot in the network infrastructure.
China Mobile has remained a steady, state-backed proxy for domestic demand. It often moves purely on sentiment when policy expectations change, even if there’s little fresh company news.
Macro data will swing markets in the near term. S&P Global’s week-ahead calendar highlights China’s December trade balance and a slate of credit stats coming Wednesday. Among them: M2 money supply, a broad liquidity gauge, and new yuan loans, which track fresh bank lending.
Company filings reveal China Mobile’s mainland operations cover 5G mobile services, home broadband, and smart-home products. They also include cloud computing, Internet-of-Things services, and a “new market” segment that focuses on international business and digital content.
China’s telecom expansion shows no signs of slowing. According to official figures cited by Xinhua, there were 4.83 million 5G base stations across the country by the end of November. The number of 5G mobile users hit 1.19 billion. Meanwhile, sector revenue climbed 0.9% year-on-year over the first 11 months.
The stock’s scale works both ways. It strengthens the “infrastructure” story but also raises questions about whether extra spending will boost returns or just lead to heavier depreciation costs.
China Telecom and China Unicom usually move in tandem, particularly when Beijing’s data and policy cues shape the market. The differences often hinge on dividends, capital spending discipline, and how investors value their cloud strategies.
One risk lies beyond the domestic cycle. In December, the U.S. Federal Communications Commission flagged the possibility of blocking China Mobile and two other Chinese telecom companies from accessing U.S. networks directly through a robocall-mitigation database. The FCC gave them two weeks to respond — a sharp reminder that geopolitical tensions can suddenly disrupt the sector.
On Monday, eyes will be on whether the initial surge in big-cap “infrastructure” stocks sticks around at the open, along with any positioning moves before Wednesday’s flood of China data. After that, focus shifts to China Mobile’s March 27 earnings for clues on 5G monetisation and cloud expansion.
