Group 1: Core Insights - The integration of 5G and digital technologies is significantly enhancing rural and urban development, improving efficiency in village governance and agricultural practices [2][4] - The Z generation (born 1995-2009) is a major driver of consumption in China, contributing 40% of the consumption power despite being only 20% of the population, with a projected market impact exceeding 5 trillion yuan [3][4] - The Chinese government is focusing on cultivating new consumption models that align with digitalization, innovation, and sustainability, creating opportunities for companies like China Telecom [4][9] Group 2: Company Initiatives - China Telecom is leveraging its technological capabilities to support rural e-commerce and enhance farmers' income through platforms like Yipay, facilitating the sale of agricultural products [5][8] - The company has established AI digital person e-commerce live streaming training bases, creating a comprehensive digital marketing ecosystem that has saved costs and generated significant sales [6][9] - China Telecom's initiatives in digital applications have led to substantial contributions to agricultural product sales, with a total of 27.3 billion yuan in purchases and various promotional activities [8][9] Group 3: Market Trends - The rise of live e-commerce and digital marketing is reshaping consumption patterns in rural areas, with digital influencers becoming key players in driving sales [6][9] - The integration of virtual reality and data analytics in commerce is enhancing consumer engagement and optimizing supply chain responses, as seen in the tea industry in Fujian [8][9] - The overall trend indicates a shift towards a more digital and interconnected consumer experience, driven by technological advancements and changing consumer preferences [3][4][9]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年6月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國電信股份有限公司 呈交日期: 2025年7月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00728 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,877,410,000 | RMB | | 1 RMB | | 13,877,410,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,877,410,000 | RMB | | 1 RMB | | 13,877,410,000 | | 2. 股份分類 | 普通股 | 股 ...

Core Insights - Alibaba Cloud leads the AI IaaS market in 2024 with a market share of 23%, surpassing the combined shares of the second and third-ranked competitors [1] - Huawei Cloud ranks second with a 10% share, while Volcano Engine holds third place with 9% [1] - The report marks IDC's first statistical analysis specifically focused on AI IaaS [1] Market Share Comparison - In the second half of 2023, Alibaba Cloud held a 27.1% share, followed by Huawei Cloud at 13.5%, China Telecom at 12.9%, Tencent Cloud at 8.7%, and China Mobile at 8.6%, totaling 70.8% for the top five [1] - Tencent Cloud and China Telecom experienced a decline in rankings, while Volcano Engine entered the top five [1] AI IaaS Market Definition - The intelligent computing infrastructure service market includes IaaS services supported by AI-specific chips like GPU, FPGA, and ASIC, catering to both generative and non-generative AI scenarios [3] Generative AI IaaS Growth - The generative AI IaaS market in China is expected to grow by 165% year-on-year in the second half of 2024, reaching 8.74 billion yuan, accounting for over 70% of the overall AI IaaS market [4] - Alibaba Cloud leads in both model training and inference within the generative AI IaaS market [4] Future Projections - The demand for AI computing resources is projected to shift from training to inference by 2025, driven by the emergence of popular large models [4] - Major clients in sectors like internet, telecommunications, and autonomous driving are actively testing and deploying domestic computing resources to address computing gaps [4] Investment Trends - Alibaba plans to significantly increase investments in AI infrastructure over the next three years, exceeding the total of the past decade [5] - Tencent's annual capital expenditure for 2024 is projected to reach $10.7 billion, approximately 12% of its revenue, with plans for further increases in AI-related spending [5]

Core Insights - The low-altitude economy is rapidly emerging as a key driver for high-quality regional economic development and enhanced public service capabilities in China, supported by both policy and technology advancements [1] - Zhejiang Telecom is strengthening its core capabilities in low-altitude safety through the development of three major platforms to provide comprehensive solutions for various sectors including public security, emergency response, and urban governance [1] Group 1: Technological Advancements - The introduction of 5G-A communication technology allows for long-distance drone operations, overcoming the limitations of traditional drones which typically have a communication range of only 3 kilometers [2] - 5G-A technology enhances communication capabilities and integrates sensing technology, enabling real-time detection and identification of low-altitude targets, thus improving operational safety and efficiency [2][3] - Zhejiang Telecom has established a robust computing infrastructure with over 3,600 5G-A base stations and more than 5,600 integrated communication stations to support the low-altitude economy [2] Group 2: Practical Applications - The deployment of drones for monitoring water reservoirs has significantly improved surveillance efficiency, allowing for immediate response to illegal activities [4][5] - The "Shaoxing Xinchang Drone Service Platform" integrates over 63 drones and 40 recognition algorithms, facilitating various applications such as construction management, environmental monitoring, and public safety [5] - A flight service platform has been developed to enhance low-altitude resource utilization in mountainous areas, enabling diverse applications in governance and emergency services [6] Group 3: Future Developments - Zhejiang Telecom plans to expand the low-altitude service platform to include more applications such as healthcare, tourism, and logistics, aiming to create a "low-altitude + N" application model [6] - The introduction of a digital platform for forest management has drastically reduced the time required for patrols, enhancing efficiency in resource protection [7] - The company aims to leverage its platform capabilities for further development, focusing on technological innovation and market responsiveness to build a competitive edge in the low-altitude economy [7]

Core Viewpoint - The deployment of 10Gbps broadband, known as "10G optical network," is accelerating in China, with telecom operators launching "10G packages" in multiple cities, marking a significant upgrade from the existing gigabit broadband [1][2]. Group 1: Market Development - China's three major telecom operators have introduced "10G packages" targeting high-end households and enterprise users, with prices ranging from 999 to 1399 RMB per month [2]. - Over 70 global operators have launched "10G packages," indicating a growing trend in high-speed internet services [1]. Group 2: Technical Features - The 10G optical network offers ultra-large bandwidth, ultra-low latency, and high reliability, enabling seamless integration with new infrastructures like AI and IoT [2]. - Downloading a 100GB 8K movie takes 90 seconds with 10G broadband compared to 15 minutes with gigabit broadband, showcasing the significant speed advantage [2]. Group 3: Applications - The 10G optical network is applicable in various sectors, including industrial scenarios for smart manufacturing, where high-speed data transmission is crucial [3]. - In education, the network supports XR technology to create immersive learning environments, enhancing remote teaching capabilities [3]. Group 4: Policy and Initiatives - The Ministry of Industry and Information Technology in China has initiated pilot projects for the 10G optical network, aiming for implementation in key urban areas by the end of 2025 [3]. - Shanghai and Beijing have released action plans to accelerate the deployment of 10G networks, with significant projects already underway [3]. Group 5: Technological Maturity - Core technologies for the 10G optical network are becoming mature, with companies like ZTE and Huawei launching commercial equipment [5]. - The construction of the 10G optical network is still in the trial commercialization phase, with broader adoption dependent on technological breakthroughs and cost reductions [5].

Core Viewpoint - Shanghai Telecom is leveraging Huawei's AI WAN solution to create a new service model for computing power rental, addressing the needs of various industries while ensuring data security and efficient resource allocation [1][2]. Group 1: Infrastructure Development - Shanghai Telecom is developing a 400GE IP metropolitan intelligent computing POD to connect enterprise parks with operator computing centers, providing integrated computing network services [2]. - The new infrastructure aims to facilitate the efficient flow of computing resources between operators and enterprises, promoting the widespread adoption of AI technology [1]. Group 2: Business Model and Demand - Enterprises, particularly state-owned and government sectors, are increasingly opting to rent computing resources from operators to meet their training and inference needs while keeping sensitive data within their premises [1]. - A growing trend among enterprises is to adopt a light-asset operation model, combining self-built computing servers with rented resources from operator intelligent computing centers to reduce procurement and operational costs [1]. Group 3: Data Security and Flexibility - The distributed training and inference model allows enterprises to deploy sensitive data models locally while utilizing operator resources for other parts, ensuring data security during transmission [2]. - The use of RDMA lossless transmission technology enables efficient inference over distances of up to 240 kilometers without performance degradation [2]. Group 4: Collaboration and Future Goals - Shanghai Telecom is collaborating with Huawei and various enterprises to tackle key technological challenges in intelligent computing networks and validate solutions in vertical industry scenarios [2]. - The ultimate goal is to achieve commercial implementation of integrated computing network services, contributing to the high-quality development of computing infrastructure in China [2].

Group 1 - The "2025 Digital Low Altitude Conference" emphasizes that the low-altitude economy is transitioning from an exploratory phase to a regulated development phase, with digital low altitude as a key foundation for urban digital transformation [1] - The general manager of Jitai Aviation Technology (Suzhou) Co., Ltd. highlighted two major opportunities for the company: the domestic production of large aircraft and the development of the low-altitude economy [4][7] - The concept of "digital low altitude" was introduced to explore how digital foundations can support the low-altitude economy, evolving from strategic concepts to actionable paths [6] Group 2 - The chairman of the China Communication Standards Association stated that digital low altitude is not only a technical issue but also a system engineering challenge, requiring standards and ecosystem collaboration [6] - The low-altitude economy is currently transitioning from the drone stage to air logistics and air traffic, with ongoing challenges in infrastructure and regulatory frameworks [12][13] - Companies in the low-altitude sector are focusing on industrial drones, eVTOL aircraft, and flying cars, with significant government support aiding their development [8][12]

Group 1 - The core theme of the event was "Intelligent Enrichment of Maritime Silk Road's Millennia Charm and Wisdom Integration of Cultural Tourism" showcasing various AI applications in cultural tourism [1] - The AI Cultural Tourism Ambassador, powered by the Starry AI model, serves as a digital guide providing real-time interaction and personalized recommendations for local heritage projects, authentic cuisine, and classic attractions [3] - The minute-level digital human replication platform allows for rapid creation of digital avatars in just one minute, facilitating the dissemination of cultural tourism content [5] Group 2 - The holiday traffic prediction platform utilizes AI and big data to provide accurate visitor forecasts for key scenic spots, shopping districts, and transportation hubs, offering travel suggestions and peak warning support [7] - China Telecom is leveraging digital technology to build new cultural tourism infrastructure, achieving 100% coverage of dual-gigabit networks in world heritage sites and 3A-level scenic areas [9] - The company aims to enhance the cultural tourism industry, contributing to the construction of a billion-level cultural tourism sector by providing smart parking services for 18,000 visitor spaces [9][10]

Group 1 - The first offshore wind power integrated subsea data center in China, the Shanghai Lingang subsea data center, is set to officially launch in September 2023, marking a significant advancement in subsea data center technology [1][2] - The project has a total investment of 1.6 billion yuan, with the first phase featuring a capacity of 2.3 megawatts and a green power supply rate of 95% [2] - The subsea data center aims to support various industries, including artificial intelligence, 5G, industrial internet, and cross-border e-commerce, while also exploring cross-border data services [2][3] Group 2 - The integration of offshore wind power and natural seawater cooling technologies in the Lingang subsea data center significantly reduces energy consumption for cooling from 40%-50% in traditional data centers to below 10% [4] - The project aligns with Shanghai's sustainable development goals, leveraging deep-sea wind power as a major green energy resource [4] - The subsea data center is expected to enhance local green computing capabilities and reduce the pressure of long-distance power transmission from offshore wind farms [4][5] Group 3 - The "land-sea computing" model is anticipated to initiate a new era of computing power upgrades in China, addressing low-latency demands in data-rich areas [6][7] - The subsea data center will utilize optical-electrical composite submarine cables for high-speed connectivity with land-based stations, ensuring reliable service quality [7][8] - The project involves multiple stakeholders, including Hailan Cloud as the core technology provider and China Telecom for network deployment, highlighting collaborative efforts in overcoming technical challenges [8][9] Group 4 - The transition from the 1.0 version in Hainan to the 2.0 version in Lingang signifies China's pioneering breakthroughs in the intersection of marine energy and green computing [9] - The development of subsea data centers is supported by favorable policies promoting deep-sea technology and marine economy, indicating a promising future for this sector [9]

Core Viewpoint - China Telecom's Shenzhen branch, in collaboration with CITIC Ocean Helicopter, launched a series of capabilities aimed at promoting the low-altitude economy, including smart integration of air and ground networks, digital design and operation of takeoff and landing sites, and comprehensive safety monitoring [1][3][4] Group 1: Capabilities and Services - The launch introduced six key capabilities for the low-altitude economy, focusing on air routes, intelligent computing, ground safety, platform integration, and end-to-end digital support [1] - The "Wings Take Off" aerial tourism product was unveiled, offering three types of routes: "Sky Tour," "Exclusive Charter," and "Luxury Travel," with ten initial routes covering major tourist and business areas in Shenzhen [5] - The "Tianlu Smart Network" service was introduced, providing continuous monitoring over 300 square kilometers of key airspace, enabling rapid deployment of low-altitude takeoff points [3][4] Group 2: Technological Integration - The full-scene flight verification center integrates five core capabilities, utilizing advanced technologies such as 5G, satellite communication, and AI for flight simulation and product validation [3][4] - China Telecom has achieved 95% 5G coverage along 181 commercial flight routes at an altitude of 600 meters, with an upload speed of 50 Mbps [4] - The "Cloud Launch" initiative has successfully detected an average of 200 safe flights daily, enhancing urban airspace management through proactive control [6]