HS#C MOBRC2812B

China Mobile Launches Intelligent Service Matrix and Embodied Intelligence Innovation Center

China Mobile to Launch AI-eSIM Product

China Mobile Holds AI Eco-conference

Mortorel Thread Completes Full Process Adaptation and Verification for the Jiutian 35B Model

China Mobile's Jiutian 35B Model Soon to be Released, Beregn Technology Completes Compatibility Verification

China Mobile and OPPO Jointly Launch eSIM Supported Flagship Phones

China Mobile Optimizes Business Structure but Sees Service Revenue Decline in Q1

China Mobile Launches TianTong Satellite Calling Service

China Mobile to Hold Annual General Meeting on May 21, 2026

Zhao Hangbin Delivers Keynote Speech: Home Networks Evolving Towards Proactive Intelligence

China Mobile Releases 5G-A Super Uplink Technical Evolution and Planning White Paper and Establishes Test Base

China Mobile Launches AI Computing Power Token Packages to Promote AI Popularization

UBS Maintains 'Neutral' Rating on China Mobile with Target Price of HKD 81

Morgan Stanley Analyzes China Mobile's Q1 Earnings Exceeding Expectations

Morgan Stanley Maintains China Mobile's 'In-Line With Market' Rating

Citi Releases Below-Expectations Q1 2026 Earnings Report for China Mobile

China Mobile Releases First Quarter 2023 Earnings Report, Shareholder Profits Decline

China Mobile Announces First Quarter 2026 Customer Data

CHINA MOBILE released FY2026 Q1 earnings on April 20 During-Market (BJT), actual revenue HKD 302.12 B (forecast HKD 293.06 B), actual EPS HKD 1.5305 (forecast HKD 1.4965)

China Mobile Unveils Single-Channel 400G Ethernet Physical Layer Report

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Kimi developer Moonshot AI is nearing a $2 billion funding round, valuing the company at over $20 billion. The round is led by Meituan’s Long-Z Fund, with participation from China Mobile and CPE. This follows three previous funding rounds in early 2023, totaling $1.9 billion, bringing the total raised to over $3.9 billion in less than six months, making it the most-funded startup among China's large model companies.

TechNode

China Mobile

CHINA MOBILE

YieldMax AI Option Income Strategy ETF

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Meituan HK SDR 5to1

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Kimi reportedly nears $2 billion funding round at over $20 billion valuation

Kimi is approaching a significant financing round, aiming to secure $2 billion at a post-investment valuation exceeding $20 billion. According to NS3.AI, Meituan Dragon Ball is spearheading the round, with participation from China Mobile and CPE.

CoinLive

Kimi Nears $2 Billion Financing Round Led by Meituan Dragon Ball

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SPDB International reported that southbound funds recorded a net inflow of HKD56.54 billion into Hong Kong stocks in April, down from HKD61.4 billion in March. The average daily turnover share of these funds decreased to 21.3%. The report highlighted a preference for high-dividend stocks and quality growth names, with notable inflows into CHINA MOBILE, CCB, and XIAOMI. The top 20 stocks by net southbound inflows included CHINA MOBILE (HKD7.93 billion) and CCB (HKD6.09 billion).

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Huaneng Power International, Inc. Sponsored ADR Class N

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Xiaomi HK SDR 2to1

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POP MART HK SDR 20to1

Sunshine Guojian Pharmaceutical

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Bank of China

SPDB International Lists Top 20 Southbound Net Buys in HK Stocks for Apr (Table)

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China Mobile will launch its AI-eSIM product at the 2026 Mobile Cloud Conference in Suzhou from May 7 to 9. This product features an "intelligent brain" for real-time cloud model dispatch, enabling autonomous decision-making and quick responses. Initial applications will target consumer products like AI-powered toys and smart wearables. Additionally, it includes a security chip for unique digital identities, enhancing security in industrial applications such as robotics and drones.

Guotai CSI All Share Communications Equipment ETF

China Southern CSI Communication Service ETF

ChinaAMC CSI 5G Communication ETF

Harvest CNI Communication ETF

Telecom giant China Mobile to launch AI-eSIM product

China Mobile will launch its AI-eSIM product at the "2026 Mobile Cloud Conference" from September 7-9 at the Suzhou Jinji Lake International Conference Center. The AI-eSIM enables real-time dispatch of cloud-based models, allowing devices to operate autonomously and respond instantly. It is suitable for AI toys, smart wearables, and other devices.

China Mobile to Launch AI-eSIM Product, Applicable to Smart Wearables and Other Devices

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HSBC Research analyzed the 1Q results of Chinese telecom companies, noting a decline in service revenue and net profit due to increased value-added tax. CHINA MOBILE showed resilience with a smaller YoY decline in service revenue and a significant rise in operating cash flow, prompting a Buy rating. In contrast, CHINA TELECOM's results fell short of expectations, leading to a downgrade to Hold. CHINA UNICOM had mixed results, while CHINA TOWER saw revenue growth but missed EBITDA forecasts. HSBC adjusted target prices for these stocks accordingly.

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HSBC Research: Divergent 1Q Results for Chinese Telecoms; Favors CHINA MOBILE, Downgrades CHINA TELECOM to Hold

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G Sachs reported a net inflow of USD2.1 billion into Hong Kong stocks by Southbound funds last week, totaling USD33 billion for the year. Major net buys included CNOOC (USD202M), CCB (USD174M), and China Mobile (USD136M). Major net sells featured Alibaba (USD287M), Tencent (USD156M), and YOFC (USD47M).

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

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G Sachs Lists Major Net Buys and Net Sells of Hong Kong Stocks by Southbound Funds Last Week (Table)

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In 1Q26, China's telecom service revenue fell by 1.8% year-on-year to RMB439.4 billion, according to the Ministry of Industry and Information Technology (MIIT). However, the total telecom business volume rose by 8.3% year-on-year when adjusted for constant prices. By the end of March, the total number of mobile subscribers reached 1.836 billion, with 5G subscribers accounting for 1.254 billion, representing 68.3% of the total and a net increase of 49.53 million from the previous year.

MIIT: 1Q26 Telecom Service Revenue Down 1.8% YoY; Total Telecom Business Volume Up 8.3% YoY

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The Hong Kong stock market has seen a rise of over 320 points or 1.2% recently, with the Hang Seng Index closing at 26,487.48. Despite this, the outlook for Asian markets remains negative due to geopolitical tensions in the Middle East. Major stocks showed mixed results, with AIA and Alibaba declining, while Baidu and China Mobile saw gains. Wall Street's performance was weak, influenced by rising crude oil prices and disappointing market trends. Overall, the market may experience consolidation in the coming days.

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Alibaba HK SDR 5to1

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Consolidation Expected For Hong Kong Shares

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The State Council issued opinions on promoting capacity expansion and quality improvement in the service sector, emphasizing the deep implementation of large-scale 5G applications, advancing 5G-A network development, and strengthening 6G technology research. It also mentioned appropriately ahead-of-schedule construction of mobile IoT and the development of satellite internet application services

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Yinhua CSI 5G Communication Theme ETF

State Council: Strengthen R&D of Sixth-Generation Mobile Communication (6G), Advance Mobile IoT Construction

Today’s Key News Recap

0421 | Dolphin Research Watchlist: 🐬 Macro/Industry. US Vice President Vance is expected to depart for Islamabad on the morning of Apr 21 ET (evening Beijing time) to push a new round of US–Iran ceasefire talks.The current two‑week truce expires on Apr 22. Iran had wavered but agreed to attend after mediation, with talks focused on extending the ceasefire and maritime blockades.Easing Middle East tensions would benefit global energy supply chains and shipping stability. In the near term, it should curb oil price volatility.🐬 Single stocks. $Apple(AAPL.US) officially announced...

Traeger

Amazon

Apple Group

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Rivian Automotive

Terns Pharmaceuticals

AAPL pivots from the 'Cook era' to a hardware-first play; AMZN adds $5bn, doubling down on Anthropic | Daily News Recap

Financial Analysis

China Mobile (600941.SH/00941.HK) released its Q1 2026 results after the HK close on Apr 20 (Beijing time), for the quarter ended Mar 2026. Highlights: 1) Operating metrics — revenue held up.Total revenue was RMB 266.4bn (+1% YoY). The company’s telecom service revenue dipped slightly YoY this quarter.Product sales and other businesses posted double-digit YoY growth for a second consecutive quarter. Operating profit was RMB 29.0bn (-11% YoY)...

China Mobile: Tax Reform Skimming? Payouts Need to Be More Generous

China Mobile Q1 2026 First Take: revenue grew at a low single-digit pace, while profit declined on GPM compression and higher costs. With capex cut sharply in the quarter, after-tax cash operating profit still rose about 5%. Connectivity remains the core biz., accounting for nearly 90% of revenue. Mobile subscribers increased by 3.76 mn QoQ in the quarter. As the leading domestic operator, the QoQ add underscores its competitive position. Behind China Mobile's steady print, the market is focused on three areas. They are: a) capex, b) dividends, and c) the VAT policy shift. a) Capex: Q1 capex was RMB 30.4bn, down RMB 6bn YoY. Given the full-year plan of RMB 136.6bn, the remaining three quarters imply ~RMB 106.4bn in total, or ~RMB 35.2bn per quarter. As the 5G heavy investment cycle winds down, capex continues to contract. b) Dividends: The company paid RMB 19.7bn in Q1. Payouts are typically concentrated in Q2–Q3. Assuming a RMB 35.0bn dividend in Q2, the payout ratio would remain around 76%. c) VAT change: Effective Jan 1, 2026, data, SMS and MMS will be reclassified from 'value-added telecom services' to 'basic telecom services'. The applicable VAT rate will rise from 6% to 9%. Overall, revenue and subscriber counts continue to grow, with capex trimmed and a high payout maintained. While there are limited near-term growth drivers, it remains a solid dividend play. $CHINA MOBILE(00941.HK) $China Mobile(600941.SH) $CHINA MOBILE-R(80941.HK)

Apr 20 ｜ Dolphin Research Focus: 🐬 Macro/Industry. 1) Ibrahim Azizi, chair of Iran's Islamic Consultative Assembly Committee on National Security and Foreign Policy, told Al Jazeera that Iran will continue talks with the U.S., but stressed it is 'not at any cost' and will not accept arbitrary U.S. demands.The current U.S.-Iran temporary ceasefire expires on Apr 22. The two sides held a first round in Oman earlier, and the region sits at an inflection point between war and peace.The restart signals a pragmatic stance by Tehran. Yet core differences remain, leaving limited room for maneuver...

Bio-Techne

CATL

NVIDIA

MU debuts 24Gb GDDR7 memory; DeepSeek's first external round sparks AI capital frenzy | Daily News Recap

HS#C MOBRC2812B(54974.HK)

Kimi reportedly nears $2 billion funding round at over $20 billion valuation

Kimi Nears $2 Billion Financing Round Led by Meituan Dragon Ball

SPDB International Lists Top 20 Southbound Net Buys in HK Stocks for Apr (Table)

Telecom giant China Mobile to launch AI-eSIM product

China Mobile to Launch AI-eSIM Product, Applicable to Smart Wearables and Other Devices