Chinese state telecom carriers seek new growth via cloud services

China Mobile, China Telecom and China Unicom continue to raise dividends

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With 5G fading as a growth driver, the state-owned telecom companies are hunting for the next big thing. © Getty Images

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- As the fervor over 5G gradually recedes, the three Chinese state-owned telecom operators are seeking new revenue sources beyond traditional telecommunications, including cloud services.

"We have made it very clear since 2019 on our three transitions based on digitalization," China Mobile Chairman Yang Jie told reporters Thursday at the company's midyear earnings news conference in Hong Kong. Topping his list is a shift "from telecommunication to information."

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