Why is this logo so big, you ask? Because it's owner is. According to the Manchester Evening News, China Mobile, only 6 years old, moved ahead of Vodafone as the world's largest mobile operator in terms of value. The swap came as a result of the two companies' shares moving different directions in the market based on recent financial results. China Mobile now has a market value of roughly $132 billion, ahead of Vodafone's $109 billion.

The interesting issue of course is that Vodafone is a global busines, where China Mobile is operating in a single country with a very immature domestic market. What do these numbers tel you about the market's expectations for China as a source of growth vs. the developed world?