【导读】中移互联网、支付宝、华为联合签署AI+DC新通信战略合作协议，开启"通话即服务"新时代 12月10日，为推进AI新通信生态繁荣，中移互联网有限公司（以下简称中移互联网）、支付宝（杭 州）数字服务技术有限公司（以下简称支付宝）及华为技术有限公司（以下简称华为）正式签署合作协 议，共同开启"通话即服务"的智能化通信新时代。此次合作标志着三方将深化AI+5G新通话DC生态场 景的联合创新，推动传统通话向智能化、服务化方向演进，为用户带来更高效、便捷的通信与服务体 验。 创新实践验证服务模式 这一实践成功验证了"通话即服务"模式的技术可行性与用户价值，标志着综合性AI生活助手已初具雏 形。它不仅为用户提供了全新的服务获取方式，也为DC通话助理向更广泛的民生服务领域拓展奠定了 坚实基础，证明了语音作为核心交互手段，能够直接驱动服务闭环的巨大潜力。 三方协同构建核心能力 赋能通话服务智能变革 本次合作汇聚了三方在各自领域的核心优势：中移互联网将依托中国移动（600941）覆盖全国的5G新 通话网络和庞大的用户基础，提供稳定可靠的通信保障和产品运营；支付宝将整合其丰富的数字生活生 态能力，联合打造智能化服务场景；华 ...

Core Viewpoint - The article discusses the issues surrounding the "protective shutdown" implemented by telecom operators in response to fraud prevention efforts, highlighting user dissatisfaction due to unclear triggering mechanisms and cumbersome reinstatement processes [2][22]. Group 1: User Experiences - Users have reported sudden service shutdowns without warning, leading to significant disruptions in their daily activities and travel plans [23][26]. - A specific case involves a user named Li Jing, who experienced a service shutdown after returning to China from Nepal, which severely impacted his travel itinerary [23][24]. - Other users, including a doctor and a restaurant owner, have faced similar issues, often linked to frequent calling patterns or unusual usage behaviors [26][31]. Group 2: Operational Challenges - Telecom operators have established a risk monitoring system as part of the "断卡" (card-cutting) initiative, which aims to combat telecom fraud by automatically shutting down numbers flagged as suspicious [11][12]. - The system categorizes numbers into risk levels, with higher-risk numbers requiring in-person verification for reinstatement, complicating the process for users [32][38]. - Operators face pressure from regulatory bodies to reduce fraud-related incidents, which has led to a high volume of shutdowns, often resulting in user complaints and legal challenges [17][37]. Group 3: Legal and Regulatory Issues - Users have begun to challenge the legality of these shutdowns in court, arguing that the operators' actions infringe on their communication rights and lack transparency [33][35]. - A notable case involved a lawyer who sued an operator after her number was shut down due to high-frequency calling, which was misinterpreted as suspicious behavior [33][35]. - Courts have ruled that operators are not obligated to disclose the details of their fraud detection models, citing the need for confidentiality in combating fraud [35][36]. Group 4: Recommendations for Improvement - Experts suggest that telecom operators should refine their fraud detection processes to minimize user impact, advocating for a more transparent and gradual approach to service restrictions [39][38]. - Recommendations include providing users with timely notifications and a reasonable window for verification before implementing shutdowns, as well as allowing remote reinstatement options [39][38]. - Continuous optimization of the monitoring models and user communication processes is deemed essential to balance fraud prevention with user rights [38][39].

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The rapid development of artificial intelligence is profoundly changing production and lifestyle, driving the upgrade of 5G core networks to AI core networks. Leading operators are actively practicing the commercial monetization of 5G-A intelligent core networks and considering the evolution towards an intelligent native Agentic Core [7][21] - The report identifies six major trends in the evolution of core networks, which have generated significant impact in the industry [7] Summary by Sections Trend One: Experience Management - The exploration of experience management for commercial monetization is beginning to show results, with operators enhancing operational capabilities through intelligence. Over 60% of users are willing to pay for better experiences, making experience rights a core competitive trend for operators [9][30] - Leading operators are exploring how to convert network experience into profitable rights products, combining high-end packages with scenario-based acceleration services to enhance user loyalty and open new revenue channels [30][31] Trend Two: AI Calling - AI Calling helps operators build an exceptional basic calling experience, evolving from voice assistants to multi-modal general assistants, thus seizing the AI business entry point. Operators are leveraging their unique advantages, such as a large user base and trusted numbering systems, to create differentiated competitive barriers [10][60] - The integration of AI capabilities into the entire calling process is key to enhancing user stickiness and stabilizing average call duration [57][61] Trend Three: Autonomous Network Level 4 (AN L4) - AN L4 has become an industry consensus, with network stability and operational efficiency being core strategic goals for operators. The TM Forum has designated 2025 as the commercial year for AN L4, with leading operators beginning to formulate their strategies [11][69] - The introduction of "digital employees" based on intelligent agent technology is playing a crucial role in complaint handling and alarm processing workflows [11] Trend Four: Intelligent Private Networks - The evolution of 5G-A connectivity capabilities is accelerating the development of intelligent private networks, which serve as accelerators for digital transformation across various industries. The integration of AI capabilities into connectivity is essential for building a robust foundation for enterprise AI applications [12] Trend Five: Collaborative Network Operations - The integration of communication, sensing, and computing capabilities is expected to release suppressed traffic and activate intelligent computing services. The report highlights the growing demand for high-definition video and the need for operators to enhance their network capabilities to meet this demand [13] Trend Six: Telecom Cloud Evolution - The telecom cloud is evolving from traditional cloud infrastructure to AI-native infrastructure, enabling operators to transition from "connectivity pipelines" to "connectivity + intelligent computing." This evolution is crucial for supporting the comprehensive intelligence of operator networks [14] Trend Seven: Agentic Core - The trend of agentification in AI terminals and services is driving the agentification of network architecture, enhancing differentiated connectivity capabilities and creating new business paradigms for on-demand network usage. The global digital services market based on agentified networks is projected to exceed $2.5 trillion by 2030 [15]

人民财讯12月11日电，浩瀚深度12月11日在互动平台表示，公司在低空经济领域有业务布局：(1)公司 控股子公司南京酉伫信息技术有限公司与中通服设计院、南京大学、金陵科技学院联合成立了"低空空 域安全技术创新联合实验室"。该实验室致力于在低空空域安全技术、无人机探测与反制、信息安全及 人工智能等领域推动行业标准制定和技术创新。(2)在低空智联网领域，公司控股子公司智联云安已经 携手中国移动（600941）提供低空无人机安全监测管理系统。 ...

12月12日，上证50指数将迎来最新变化。据上交所此前公告，上证50指数样本股调出保利发展、中国移 动、中国铝业和中国中车，调入上汽集团、北方稀土、华电新能和中科曙光，这一调整于12月12日生 效。 上证50指数以上证180指数样本为样本空间，挑选上海证券市场规模大、流动性好的最具代表性的50只 证券作为样本，综合反映上海证券市场最具市场影响力的一批龙头企业的整体表现。 此次调整略让市场与投资者意外。从基本面来看，被调出指数的四家企业本身均是行业龙头，而且业绩 表现优良，发展具有韧劲。因此，在投资者看来，此次调仓是指数本身"传统"与"新兴"行业的切换，也 更多反映行业周期阶段下的市场流动性变化。对于被调出的成分股，市场也仍然肯定它们的投资价值， 也并不影响投资者对单一企业价值的判断。 调仓背后 上证50指数作为 "沪市核心资产晴雨表"，其编制逻辑主要围绕 "规模+流动性" 两大核心指标，而非直 接关联企业盈利能力、行业地位等基本面要素。 根据中证指数公司发布的编制方案，该指数以上证180指数样本为基础，按过去一年A股日均总市值、 日均成交金额进行综合排名，选取前50名证券作为成分股，每半年定期调整（6月、12 ...

具体来看，包括中国移动、工商银行在内的公司中期分红金额超500亿元，此外建设银行、农业银行、 中国银行、中国海油、贵州茅台等多家公司中期分红金额在300亿元以上。 临近年底，上市公司密集派发中期红利。根据媒体统计，截至12月10日，今年以来3762家A股上市公司 合计分红金额达2.46万亿元，再创历史新高。此外，仍有36家公司发布了分红派息实时公告，拟分红金 额合计1518亿元。全年分红总额有望首次突破2.6万亿元关口。 随着上市公司分红推进，以及分红总额不断创新高。红利主题ETF也通过定期评估分红，提升投资者获 得感和体验感。 消息面上，近期港股红利低波ETF（520550）及中证红利质量ETF（159209）12月10日同步发布12月分 红评估结果。 其中，港股红利低波ETF（520550）为上市以来第8次分红，这次每十份分红0.04元，分红比例0.32%。 中证红利质量ETF（159209）为上市以来第6次分红，分红比例为0.26%。两只ETF分红权益登记日均为 12月12日。 | 港股红利低波ETF（520550）分红概览 | | | | --- | --- | --- | | 收益分配基准日 | | ...

人民财讯12月11日电，12月10日，华为、支付宝、中移互联网正式签署合作协议，共同开启"通话即服 务"的智能化通信时代。此次合作标志着三方将深化AI+5G新通话DC生态场景的联合创新，推动传统通 话向智能化、服务化方向演进。其中，中移互联网将依托中国移动（600941）覆盖全国的5G新通话网 络和庞大的用户基础，提供稳定可靠的通信保障和产品运营；支付宝将整合其丰富的数字生活生态能 力，联合打造智能化服务场景；华为则将提供领先的通信技术解决方案与广泛的终端适配支持。三方联 合，旨在共同打造一个开放、智能、安全的新型通话服务平台。 ...

"十四五"时期，云南省民族团结进步示范区、生态文明建设排头兵、面向南亚东南亚辐射中心"三个定 位"建设取得新成就。中国移动云南公司（简称"云南移动"）围绕云南省"面向南亚东南亚辐射中心"定 位，争做"数字两亚"先行者，深耕信息通信领域新质生产力培育，为云南建设面向南亚东南亚的数字信 息大通道积极贡献力量。 推动技术应用，拓宽数字信息大通道 云南移动发布"云移智算"品牌，联合生态合作伙伴推动人工智能产业应用面向全国拓展铺开，带动人工 智能产业产值增长，"排头兵"作用充分彰显。 云南移动建强算力规模，全省单体最大的智算中心——中国移动数字两亚（昆明）智算中心全面投产， 千卡智算集群加速落地，算力供给能力达1.75万PFlops。该智算中心B02栋于11月入选《2025年度国家 绿色数据中心名单》，成为云南省唯一入选该名单的项目。智算中心通过高压冷水机组、板式换热、液 冷及全空气制冷等多种节能技术的综合应用，2024年PUE（电能利用效率）达1.22。 构建平台能力。云南移动打造云南数字出海公共服务平台，为出海企业、监管部门提供一体化支撑保障 服务，成为科学决策的"智慧大脑"。 盘活数据资源。云南移动建设运营昆明国 ...

中国移动互联网流量季度 2025Q3 报告由艾瑞咨询发布，基于多平台网民行为监测数据，全面呈现2025年Q3中国移动互联网整体发展态势、细分行业动态及用户行为特征，为行业决策提供 参考。 整体来看，移动互联网流量稳步增长，用户行为向"低频深用"转型。截至2025Q3，月独立设备数增至14.52亿台，环比增长0.83%；用户单机单日使用时长达 282.9分钟，环比增长2.3%，但使用次数降至59.8次，显示用户更倾向于深度沉浸使用。用户结构方面，未婚群体占比32.7%，同比提升1.39%，二线及以上 城市用户占比提升4.2%，中高线未婚群体成为增长核心驱动力，不同年龄与城市级别用户的触媒偏好差异显著。 细分行业呈现差异化发展格局。人工智能成为最大增长黑马，行业MAU达4.7亿台，三季度月均新增用户超1000万，语言模型用户规模同比增长321%，豆包 等APP流量高速扩张；旅游出行需求持续释放，MAU达11.3亿台，使用时长同比增长超15%，铁路12306、携程旅行等APP增速领先。内容消费领域，短视 频仍占据用户注意力首位，优酷凭借精品内容战略实现用户规模与粘性双增长；长视频进入成熟期，存量竞争聚焦内容创新；电 ...

证券日报网讯 12月9日晚间，中国移动（600941）发布公告称，因港股股票期权激励计划行权致总股数 增至21，641，494，692股，中国移动通信集团有限公司合计持股比例由69.0022%被动稀释至 68.9993%，权益变动触及1%刻度。 ...