The China Mobile Communications Corporation (CMCC), China's largest mobile service provider, announced Thursday that its chairman Wang Jianzhou has retired.
Wang will be succeeded by Xi Guohua, who was previously vice chairman of the corporation.
Founded on April 20, 2000, the company currently has the world's largest mobile phone network and largest customer base, competing for subscribers with its two major domestic rivals, China Unicom and China Telecom, in a nation with nearly 1 billion cell phone users.
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