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CHINA TELECOM Once Leaps 4%+ as M Stanley Says Nationwide Token Plan Is Positive Move to Test New Biz Models in AI Era
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HK-listed three major Chinese telecoms advanced this morning (19th). CHINA TELECOM (00728.HK) opened 0.89% lower today (19th), then once rebounded more than 4% to a peak of HKD5.89. It last quoted at HKD5.66, up 0.35%, with turnover of 82.5423 million shares, involving HKD476 million. CHINA MOBILE (00941.HK) opened 0.12% higher, with a peak of HKD88.05. It last quoted at HKD87.05, up 0.75%, with turnover of HKD1.598 billion. CHINA UNICOM (00762.HK) opened flat and then moved higher, once reaching HKD8.23. It last quoted at HKD8.15, up 2.64%, with turnover of HKD311 million. Morgan Stanley published a research report on CHINA TELECOM, which launched a nationwide Token plan for enterprise and consumer customers, adopting a monthly subscription model. The broker noted that CHINA MOBILE and CHINA UNICOM had previously introduced similar products, but only at the provincial level, whereas CHINA TELECOM is the first operator to roll out such a product nationwide. As mobile data penetration peaked and data prices continued to decline, Chinese telecom operators are seeking new revenue sources leveraging their extensive data and computing infrastructure. This move represents a positive step to test new business models in the AI era. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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