The embodiment of the invention discloses a folding mechanism and a mobile terminal, and belongs to the technical field of mobile terminals. The folding mechanism comprises a support and two supporting assemblies, and the two supporting assemblies are located on the two sides of the support in the width direction. The supporting
assembly comprises a first supporting piece, a second supporting piece and a swing arm; the second supporting piece and the swing arm are located on the same side of the first supporting piece, the second supporting piece is in
pivot joint with the support and is in sliding connection with the first supporting piece, one end of the swing arm is in
pivot joint with the support, and the other end of the swing arm is in
pivot joint with the first supporting piece; the axis, pivoted to the support, of the swing arm and the axis, pivoted to the support, of the second supporting piece are spaced from each other. As the second supporting piece and the first supporting piece are in sliding connection instead of pivot connection, and the second supporting piece and the first supporting piece can be integrally regarded as a telescopic rod, the support, the second supporting piece, the first supporting piece and the swing arm are equivalent to a three-connecting-rod mechanism, compared with the prior art, one connecting rod is omitted, the tolerance chain is shortened, and the total tolerance of the folding mechanism is reduced.