China Mobile Ltd., the world’s biggest phone company by subscribers, extended the best performance among Chinese phone companies in the U.S. this year as it builds out a faster wireless network to lure subscribers.
China Mobile Ltd., the world’s biggest phone company by subscribers, posted a 4.6 percent gain in fourth-quarter profit that missed estimates as it sought to add customers using smartphones to download games and videos.
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, gained 2.8 percent, the most in a month, to 371.38. The New York Stock Exchange China Index advanced 2.3 percent to 224.52. The Shanghai Composite Index added 0.9 percent to 2,415.05.
China Mobile Ltd., the world’s biggest phone carrier by users, reported third-quarter profit that missed analysts’ estimates amid increased costs to compete for subscribers who use smartphones to download games and music.