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China Unicom Launches 'Dual-Wan Gigabit AI Quality Improvement Action' and Holds Beijing Promotion Meeting

Moonshot AI Completes $2 Billion D-Round Financing, Valuation Reaches $20 Billion

China Mobile Hubei's Shiyan Intelligent Computing Center to Officially Commence Operations in June

ZTE Releases 2025 Sustainability Report: Scope 1 and 2 Emissions Cut by 46%, Exceeding Phase 1 Net Zero Target

Yangtze Computing Wins China Mobile Server Project Bid, Amount Exceeding 1.9 Billion Yuan

China Mobile's 5G Base Stations Exceed 2.84 Million, Leading Global Coverage and Scale

China Mobile Announces Winning Bidders for 2026-2027 CPE OTN Equipment Procurement: Risun and Five Others Selected

Three Major Chinese Telecom Stocks Rise, Morgan Stanley Praises China Telecom's Token Plan for New AI Business Model

HKEX filing shows BlackRock increases stake in ZTE to 7.58%

Henan Mobile Launches 5G-A Experience 2.0 Exclusive Service, Opening New Era of Smart Interaction

China Telecom Launches Concentrated Procurement of Tianyi Smart Screen and Unveils AI Upgrade

China Telecom, Huawei, and FiberHome Complete Global First Interoperability Verification of 50G-PON Equipment Across Vendors

ZTE Showcases AI Strategy at LATAM Expo: Deploys 37k Units to Boost Throughput by 20%

China Mobile Unveils Computing Power Network Innovation System, Establishing Token Certainty as Key

China Mobile Shanghai Unveils Four Core Results and AI Upgrade Plan to Boost Digital Capital Construction

China Telecom Shanghai Releases "AI Home Assistant" to Reconstruct Home Services

China Mobile: To Promote Evolution from 'Dual Gigabit' to 'Dual 10-Gigabit' Facing the '15th Five-Year Plan'

China Telecom Launches Series of Trial Commercial Token Plans and Tianyi Token Coins

Shanghai Telecom Launches Zhiyun Shanghai AI STORE and Initiates Multi-party AI Ecosystem Cooperation

China Telecom Launches 10 Billion RMB 'Token Factory' Tender, Major Operators Compete in Computing Power Sector

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China's telecom giants are introducing AI token plans to monetize the AI boom, moving away from traditional gigabyte billing. China Telecom launched nationwide token-based pricing packages for consumers and businesses, with prices ranging from 9.9 yuan for 10 million tokens to 299.9 yuan for 250 million tokens. Other carriers like China Unicom and China Mobile are also adopting similar strategies. The demand for AI tokens has surged, with over 140 trillion token calls recorded daily in March.

SCMP

CHINA MOBILE

China Mobile

CHINA TELECOM

China Unicom

CHINA UNICOM

ChinaAMC CSI 5G Communication ETF

Guotai CSI All Share Communications Equipment ETF

China Southern CSI Communication Service ETF

KNOWLEDGE ATLAS

CN Mobile HK SDR 5to1

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Forget cellular data: China’s telecoms giants are selling AI token plans

CHINA TELECOM has launched trial commercial Token plans starting from RMB9.9 per month for individual customers and RMB39.9 for developers. The plans offer integrated services including Token, connectivity, and security, supporting various applications like AI programming and content creation. Additionally, the company will introduce Tianyi Token Coin for customer rewards and expand Token benefits through partnerships with AI ecosystem partners.

AASTOCKS News

Chagee

CHINA TELECOM Unrolls Commercial Token Plans with Monthly Fee Starting from RMB9.9

Shanghai Telecom has launched a token-based tariff package, allowing users to purchase 250,000 credit points for 1 yuan, supporting mobile bill payments. Meanwhile, Anthropic is seeking an additional $30 billion in funding for its AI lab, which has attracted significant venture capital investment.

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

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BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Shanghai Telecom launches token-based tariff packages; Anthropic seeks further funding.

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RJGF (002929) won the bid for a procurement project from China Mobile Communications Group Zhejiang Co., Ltd., with an amount of 16.1763 million yuan. The operating revenue for 2024 is expected to be 9.199 billion yuan, with a growth rate of 4.23%; the net profit is expected to be 247 million yuan, a decrease of 43.77%. In the first half of 2025, the operating revenue is expected to be 4.867 billion yuan, with a growth rate of 10.02%; the net profit is expected to be 39 million yuan, a decrease of 83.37%

同壁财经

RJGF

RJGF (002929): Won the bid for a procurement project from China Mobile Communications Group Zhejiang Co., Ltd., with a bid amount of 16.1763 million yuan

Citi's report highlights a significant shift among China's major telecom operators—China Telecom, China Mobile, and China Unicom—toward AI Token plans, moving from traditional billing to a utility-like AI subscription model. This transition could lead to a valuation re-rating as telecoms leverage their networks and data centers for AI applications. However, the success of this model hinges on user adoption and the competitiveness of their proprietary AI models.

Citigroup

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Citi: "Telecom Big Three" Shift Toward Foundational AI Infrastructure Suppliers, Ushering in Potential Valuation Re-rating

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According to a report from Dell'Oro Group, the Radio Access Network (RAN) market remained stable in the first quarter of 2026, marking the fifth consecutive quarter of stability. Worldwide RAN revenue increased at a low-single-digit year-over-year rate, driven by growth in EMEA and APAC, while North America and China faced challenges. The top five RAN suppliers are Huawei, Ericsson, Nokia, ZTE, and Samsung. The report highlights ongoing regional imbalances affecting market recovery and provides a comprehensive overview of the RAN industry.

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Fullgoal CSI Communication Equipment Thematic ETF

08:00 ETWorldwide RAN Market Remained Stable in 1Q26, According to Dell'Oro Group

G Sachs has raised its target price for CHINA MOBILEfrom HKD88 to HKD94, maintaining a Neutral rating. The company reported a 1% YoY increase in 1Q26 operating revenue to RMB266.5 billion, driven by mobile subscriber growth and AI services. However, EBITDA fell 5% YoY, missing forecasts. Despite short-term pressures on telecommunications services and weak 5G base station deployment, G Sachs remains optimistic about CHINA MOBILE's computing services and has increased its net profit forecasts for 2026-2027 by 2%.

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G Sachs Raises CHINA MOBILE  TP to HKD94, Rating Neutral

CHINA TELECOM shares rose over 4% after Morgan Stanley reported the launch of a nationwide Token plan for enterprise and consumer customers, marking a significant move to explore new business models in the AI era. The plan offers a monthly subscription model, differing from previous provincial-level offerings by competitors. Morgan Stanley believes this initiative is crucial for telecom operators seeking new revenue sources as mobile data penetration peaks.

Morgan Stanley

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CHINA TELECOM  Once Jumps Over 4% as M Stanley Says Nationwide Token Plan Is Positive Move to Test New Business Models in AI Era

China's telecom giants, China Telecom, China Mobile, and China Unicom, are transitioning to the AI token economy by launching token-based service plans. This shift marks a departure from traditional pricing models, focusing on monetizing AI services and tokenized consumption. China Telecom has introduced various token packages, while China Mobile and China Unicom are developing regional partnerships and AI-driven offerings. The surge in token usage, from 100 billion to 140 trillion daily, highlights the industry's pivot towards token operations as a new growth strategy.

TechNode

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China’s three telecom giants race into the AI token economy

China Telecom has launched trial AI Token subscription plans, transitioning from data traffic sales to computing power services. Plans for developers and small businesses range from 39.9 yuan ($5.50) for 15 million Tokens to 299.9 yuan ($41.50) for 150 million Tokens. Individual plans start at 9.9 yuan ($1.40) for 10 million Tokens, with the highest at 49.9 yuan ($6.90) for 80 million Tokens. This move reflects the growing demand for AI services in China.

China Telecom launches trial AI Token subscription plans starting at $1.4 per month

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