CCID Consulting statistics show that the market size of LBS reached CNY 485 million ($71 million) in the first half of 2008, LBS being defined as “value added services that are provided by operators to provide location, navigation, and other services to mobile phone users through SMS, WAP, and other methods”. CCID estimates that, for the entire year 2008, LBS revenue will be around CNY 1 billion (S146 million). CCID Consulting forecasts that LBS will achieve rapid growth as 3G users and services develop; in 2012, the LBS market revenue is expected to reach CNY 3.8 billion ($560 million). more>>