Chinese SMS market faces slowing growth

From CHINAdaily: SMS market faces slowing growth

"The ... runaway success of SMS in China, largely fuelled by the low-prices, took most investors and even China Mobile by surprise. In 2002, about 90 billion short messages were sent via mobile phones in China. That number jumped to 217.7 billion last year, according to the Ministry of Information Industry (MII).

What was also unexpected is that the growth of SMS in the country is now losing momentum, with an even greater slowdown expected in the years to come, according to analysts. That is pushing operators and mobile service providers to find ways to spur SMS growth and search for other profit engines."Read more