Seeking overseas investments in Asia and Africa, China Mobile Ltd. wants to expand its scope because of the trailing profits gained by the mobile operator at its residence. China mobile Ltd. is the biggest known mobile operator if taken into account the number of subscribers.

This was revealed in an interview by Chairman and Chief Executive Wang Jianzhou who sated that although acquisitions and investments will be put in overseas, the company will maintain its investments in the hometown. He said this decision of continuing their business in Mainland China was result of the hope that the market there posses a scope for further growth to a great extent.

According to the mobile operator, the full year earnings for 2009 saw a 2% elevation with a full year net profit at US $17 Billion and therefore ending the year with an optimistic note.

China has almost 730 million mobile subscribers at 60% penetration rate, but this is comparatively lesser than 100% penetration rate enjoyed by developed markets like Japan and South Korea.

The company has accepted the bid of acquiring 20% stake in Shanghai Pudong Development Bank Co. for US$5.83 billion for spreading its mobile payment. It has also been stated by the company that it can also plan to invest in mobile Internet space.