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At a business summit held during the China Development Forum 2009, Wang Jianzhou, chairman and CEO of China Mobile (NYSE: CHL; 0941.HK), revealed that the company recorded revenue of RMB 16.3 bln in 2008 from its mobile music business (including mobile ringback tones and mobile downloadable music), exceeding the revenue of all record publishers as well as film box offices in China combined. Read More