Core Points - The three major telecom operators in China (China Unicom, China Mobile, China Telecom) have received approval to conduct commercial trials for eSIM mobile services [5] - Apple announced that the iPhone Air model A3518, which supports eSIM, will be available for sale in mainland China starting October 22 [5][18] Group 1: eSIM Overview - eSIM is a digital SIM card that allows users to activate a cellular plan without needing a physical nano-SIM card [7] - Users can have their original physical SIM card number embedded into the eSIM, eliminating the need for a physical card [7] Group 2: Activation Process - To activate eSIM on the iPhone Air, users must visit the telecom operator's physical store, as Apple stores do not handle eSIM activation [9] - Once the original physical SIM card number is written into the eSIM, the original SIM card will no longer be usable unless a new number is written in [9] Group 3: Service Availability - Users can activate eSIM services by visiting the stores with their ID and a compatible device, with no prior online appointment needed [13] - China Mobile will start processing eSIM activations on October 22, while China Unicom requires online appointments, with over 180,000 reservations already made [14] Group 4: Pricing Structure - Currently, there is no clear pricing standard for eSIM services, but activation is reported to be free at the moment [16] - China Unicom offers two types of eSIM services: a dual-device plan for 10 yuan per month and an independent virtual number plan for 20 yuan per month, which includes 100 minutes of calls and 2GB of data [16] Group 5: Supported Devices - The iPhone Air model A3518 is the only model confirmed to support eSIM in the Chinese market [18] - Other devices supported by eSIM include smartwatches, tablets, and in-car devices, with China Mobile providing a comprehensive range of eSIM products [19]

Core Viewpoint - The three major telecom operators in China have launched eSIM mobile services, marking a significant shift from traditional SIM cards to a more versatile eSIM model, enhancing user experience across various devices and scenarios [1][2][3]. Group 1: Telecom Operators' Initiatives - China Mobile has introduced a comprehensive eSIM product line that includes not only mobile phones but also smartwatches, tablets, and in-car devices, promoting seamless connectivity and collaboration across devices [1]. - China Telecom's announcement highlights the transition from physical SIM cards to a "lightweight, multi-modal" eSIM model, aiming to enhance mobile communication services [1][2]. - China Unicom has received approval to conduct commercial trials for eSIM mobile services, which is expected to drive innovation in digital economy and terminal connectivity [2]. Group 2: User Engagement and Market Response - There is a strong user interest in eSIM mobile services, with over 170,000 reservations reported for China Unicom's eSIM mobile service as of the latest update [2]. - The eSIM mobile service offers functionalities equivalent to traditional SIM cards, allowing users to access voice communication, data services, and SMS [2]. Group 3: Future Developments - More eSIM-compatible mobile phones are expected to be launched soon, with China Mobile planning to collaborate with industry partners to introduce devices that support both traditional SIM and eSIM [3]. - Currently, the eSIM mobile service is only available for the iPhone Air (Chinese version), which will be available for pre-order on October 17 and officially released on October 22 [2].

Core Viewpoint - The three major telecom operators in China, China Telecom, China Mobile, and China Unicom, have received approval from the Ministry of Industry and Information Technology to officially launch eSIM mobile services nationwide, marking a significant advancement in mobile connectivity technology [1]. Group 1: eSIM Service Launch - China Telecom has announced that eSIM mobile services are now officially available for sale across the country, allowing consumers to activate eSIM services either in-store or through an app for online appointments [1]. - China Mobile will provide comprehensive support for eSIM products, extending beyond mobile phones to include smartwatches, tablets, and in-car devices, facilitating seamless connectivity across multiple devices and scenarios [1]. Group 2: eSIM Technology Overview - eSIM technology integrates the functionality of a physical SIM card into a built-in chip within the phone, enabling users to download their phone number over the air without the need for a physical SIM card [1]. - eSIM-enabled phones offer the same functionalities as traditional SIM card phones, including voice communication, data access, and SMS services [1].

Core Viewpoint - Morgan Stanley's research report indicates that Chinese telecom companies are expected to have a lackluster performance in Q3, with only a slight year-on-year increase in industry service revenue, reflecting a slowdown compared to Q2 due to potential US-China tariff impacts [1] Industry Summary - The overall performance of Chinese telecom companies in Q3 is projected to be mediocre, with service revenue growth slowing down compared to the previous quarter [1] - The outlook for Q4 appears uncertain, as traditional business segments continue to face deflationary pressures and weak macroeconomic conditions [1] - AI-related business has not yet significantly contributed to new growth momentum within the industry [1] Company Summary - China Mobile's target price remains at HKD 90, maintaining an "Overweight" rating [1] - China Telecom's target price has been lowered from HKD 6.5 to HKD 6, while still holding an "Overweight" rating [1] - China Unicom's target price is maintained at HKD 9.5, with an "Overweight" rating [1] - China Tower's target price remains at HKD 12, also with an "Overweight" rating [1]

Core Points - The three major telecom operators in China (China Unicom, China Mobile, China Telecom) have received approval to conduct commercial trials for eSIM mobile services, with Apple announcing the release of iPhone Air (which includes eSIM) starting October 22 [1][2] Group 1: What is eSIM? - eSIM is a digital SIM card that allows users to activate a cellular plan without needing a physical nano-SIM card, enabling a more convenient user experience [2] Group 2: Activation of eSIM - To activate eSIM on iPhone Air, users must visit the telecom operator's physical store, as Apple stores do not handle eSIM activation [3] Group 3: How to Apply for eSIM Services - Users can apply for eSIM services by visiting the telecom operator's store with their ID and a compatible device, with no prior online appointment needed [4] - China Mobile will officially start processing eSIM applications on October 22, coinciding with the iPhone Air's release [4] - China Unicom has over 180,000 online reservations for eSIM services as of the report [4] Group 4: eSIM Service Charges - Currently, there are no clear regulations on eSIM service fees, but initial applications for eSIM services are reported to be free [5] - China Unicom offers two types of eSIM services: a dual-device plan for 10 yuan per month and an independent eSIM plan for 20 yuan per month, which includes 100 minutes of calls and 2GB of data [5] Group 5: Supported Devices for eSIM - The iPhone Air model A3518 supports eSIM, and only the domestic version of this model can activate eSIM services [7] - China Mobile supports a wide range of devices for eSIM, including smartwatches and tablets, while China Unicom has adapted 75 different devices for eSIM since 2015 [7]

Core Viewpoint - The three major telecom operators in China, China Telecom, China Mobile, and China Unicom, have officially launched eSIM mobile services nationwide after receiving approval from the Ministry of Industry and Information Technology [1] Group 1: Service Launch - China Telecom has announced that eSIM mobile services are now available for consumers, who can activate the service either in-store or through an app for online reservations [1] - China Mobile will provide a full range of eSIM product support, extending beyond mobile phones to include smartwatches, tablets, and in-car devices, enabling seamless connectivity across multiple devices and scenarios [1] Group 2: Technology Overview - eSIM technology integrates the functionality of a physical SIM card into a built-in chip within the phone, allowing users to download their phone number over the air without needing a physical SIM card [1] - eSIM-enabled phones offer the same communication services as traditional SIM card phones, including voice calls, data access, and SMS [1]

Core Viewpoint - The recent approval for eSIM mobile services by China's three major telecom operators marks a significant step towards the commercialization of eSIM technology in the mobile sector, following its prior applications in IoT and smart wearable devices [4][7]. Group 1: eSIM Technology Overview - eSIM technology replaces physical SIM cards with a virtual electronic card, allowing users to activate mobile services without inserting a physical card [2]. - The absence of a physical card slot enables thinner devices and provides more internal space for expansion [2]. Group 2: Commercial Launch and Support - China Unicom, China Mobile, and China Telecom have officially received approval to conduct eSIM mobile service trials [7]. - China Unicom has adapted 75 terminal devices, including smartphones and smartwatches, serving millions of users [8]. - China Mobile plans to offer a comprehensive range of eSIM products, extending beyond smartphones to include smartwatches, tablets, and in-car devices [9]. - China Telecom has confirmed the official launch of eSIM mobile services across 31 provinces and regions in China [10]. Group 3: Service Activation - During the trial period, eSIM services will not be available for online activation; users must visit physical stores to activate their services [5][11]. Group 4: Supported Devices - Supported eSIM devices include models from Apple, Huawei, and OPPO, which will be available for sale soon [14].

最近一段时间，eSIM手机成了热点。大家知道，过去我们普遍使用的实体手机卡叫作SIM卡，而eSIM卡就 是一张虚拟的电子化手机卡。目前，中国联通、中国移动、中国电信等三大运营商都已获得工业和信息化 部eSIM手机商用试验批复许可。 什么是eSIM？ eSIM被称为嵌入式SIM卡或者电子化SIM卡，它将传统的SIM卡直接嵌入设备芯片，无需在设备上再插入 实体卡。可以把它理解为一个数据文件，有了它，各种电子终端就能连接上网，接拨电话、发短信等，功 能上和普通SIM卡无异。 eSIM不同于传统的SIM卡，它直接嵌入设备的主板，一般不属于任何一个运营商。 此前，eSIM技术在国内已经在物联网、智能穿戴等领域应用，此次获批意味着正式迈入手机端商用新阶 段。 据了解，中国联通、中国移动和中国电信都在昨晚(10月13日)宣布正式获得开展eSIM手机运营服务商用试 验的批复。 中国联通表示，目前已累计适配终端75款(含手机、智能手表、平板电脑等)，服务用户规模超过数百万。 中国移动表示将提供全体系eSIM产品支持，不仅涵盖手机，还会扩展至智能手表、平板电脑、车载设备等 形态。 eSIM可以带来哪些便利？ SIM卡一直在向"小 ...

近期，eSIM 手机业务成为通信行业热点话题，中国联通、中国移动、中国电信三大运营商于 10月13日 同步宣布获得工信部 eSIM 手机商用试验批复许可，标志着无卡通信时代正式迈入新阶段。中国移动工 作人员对第一财经记者表示，用户可在线预约办理时间，携带身份证和新手机前往营业厅即可完成业务 办理，当天已有众多客户咨询该业务。更现场、更财经，一探究竟！ ...

Core Viewpoint - China Telecom has launched the TeleStudio All-Modal Video Creation Challenge, aimed at encouraging users to submit creative video works using its newly launched AI video creation platform, TeleStudio, which is available for free for a limited time [1][4]. Group 1: TeleStudio Platform Features - TeleStudio is designed to democratize professional video creation, standardize the creative process, and ensure controllable output, offering a full-chain creation loop from text-to-image, text-to-video, image-to-video, to character-driven content [4]. - The platform supports the generation of ultra-high-definition (2K) videos, with capabilities for over 20 seconds of video length, precise control of complex actions like martial arts and dance, and various effects driven by audio and music [4]. - TeleStudio enhances efficiency for professionals in film post-production, advertising, and game animation by providing features for video effects preview and character animation generation, while also being user-friendly for casual creators [4]. Group 2: Video Creation Challenge - The video creation challenge includes two categories: "short video" and "long video," allowing participants without professional equipment or skills to join, as long as they have good ideas and creativity [5]. - Participants in the challenge can expect substantial rewards and benefits for their contributions [5].