China Mobile to raise up to US$8.8bil in Shanghai listing

China Mobile, the world's largest mobile network operator by total subscribers, said on Tuesday it aims to raise up to 56 billion yuan ($8.8 billion) in a Shanghai public offering, a year after being kicked off the New York Stock Exchange.

A growing number of U.S.-listed Chinese companies are seeking listings in China or Hong Kong amid rising Sino-U.S. tensions.