Core Insights - The GSMA 2025 MWC Shanghai focuses on four key themes: 5G integration, AI+, industry interconnectivity, and empowerment interconnectivity [1] Group 1: Market Dynamics - The telecom market has entered a mature phase, but it is experiencing a critical period of demand transformation and technological iteration [3] - Identifying growth opportunities from changing user demands is essential for the industry [3] Group 2: User Demand Insights - The number of global delivery riders is projected to increase from approximately 30 million in 2020 to 70 million by 2024, and is expected to reach 160 million by 2030, representing 5% of the global workforce [3] - Delivery riders exhibit a Monthly Average Usage (MOU) ten times that of average users, and their Daily Average Usage (DOU) is twice that of ordinary users, making them a high-value user group for telecom operators [3] - The global number of streamers is expected to grow from about 10 million in 2022 to 130 million by 2030, accounting for 4% of the global workforce [3] Group 3: Video Ecosystem Development - High-definition video is valuable for enhancing consumer experience and increasing operator traffic, yet only 22% of mobile video traffic currently consists of 1080P or higher resolution [4] - Collaboration across the entire value chain, including operators, OTT content providers, and device manufacturers, is necessary to unlock the potential of high-definition video traffic [4] Group 4: Smart Connected Vehicles - By 2025, it is projected that 30% of passenger cars sold in China will feature 5G connectivity, increasing to 95% between 2026 and 2030 [6] - The automotive sector's reliance on autonomous perception and decision-making necessitates independent connectivity for both the cabin and the vehicle [6] - Challenges such as 5G IPR issues and varying user experiences need to be addressed collaboratively within the mobile communications industry [6] Group 5: Empowering Small Businesses - The digitalization and smart transformation of 500 million individual businesses create new demands for broadband networks [6] - The FTTR (Fiber to the Room) solution can provide comprehensive coverage and improve network quality for small businesses, facilitating their digital upgrades [6]

（原标题：华为徐直军：电信市场已步入成熟阶段 运营商可抢抓四大增长机遇） 6月18日，被誉为"全球移动通信行业发展风向标"的2025世界移动通信大会(上海)(简称"MWC上海")拉 开帷幕。 会上，华为副董事长、轮值董事长徐直军在主旨演讲中指出，当前电信市场已步入成熟阶段，但"成 熟"并不意味着停滞，而是需求裂变与技术迭代的交织期。 徐直军认为，产业链需从"成长性"这一原点出发，精准捕捉新兴群体的差异化需求、终端形态的多元化 演进以及用户行为的动态迁移，将"成长性需求"转化为行业增长的核心引擎。 比如，外卖市场。徐直军认为骑手是快速增长的新高价值用户。2020年，全球骑手数量为3000万，2024 年是7000万，预计到2030年全球骑手数量可以达到1.6亿；对于运营商的增长价值来说，骑手的ARPU （每用户平均收入）是普通用户的1.6倍。 直播市场也如此。近年来，全球职业直播数量快速增长，全球职业主播的数量到2030年预计可达1.3 亿，其ARPU是普通用户的4倍。"我们可以看到更多新用户群体、新终端、新应用以及新用户行为在快 速发展。"徐直军说。 另外，智能汽车领域，徐直军表示："2025年5G车联网的占 ...

Core Viewpoint - The telecommunications industry is facing growth challenges despite being in a stable development phase, and exploring new growth paths is a key topic at the MWC Shanghai 2023 [1] Group 1: Growth Trends - The first growth trend is to understand changes in user demand, with emerging professions like delivery riders and streamers driving potential growth. The global number of riders is expected to increase from approximately 30 million in 2020 to 70 million by 2024, and reach 160 million by 2030, accounting for 5% of the global workforce [1][2] - The second growth direction involves enhancing the supply and consumption of high-definition video traffic through system engineering. Currently, only 22% of mobile video traffic is 1080P or higher, indicating a significant gap in consumption [4] - The third growth opportunity lies in the connected vehicle market, with 5G connectivity expected to reach 30% by 2025 and gradually increase to 95% from 2026 to 2030. The industry needs to address the different connectivity needs of vehicles and their cabins [4] - The fourth growth trend focuses on connecting individual businesses through FTTR technology, which addresses the new demands for digitalization and intelligence among the 500 million individual businesses globally [5] Group 2: Industry Insights - China maintains a leading position in mobile communications, with the GSMA report indicating that operators are deeply integrating AI technologies and leveraging 5G networks to create customized enterprise-level intelligent solutions [5] - By 2030, the number of mobile internet users in China is projected to grow from 1.17 billion in 2024 to 1.22 billion, with a penetration rate increasing from 80% to 84%. The contribution of mobile technology and digital transformation to the Chinese economy is estimated to be $2 trillion, accounting for 8.3% of GDP [5]

除骑手和直播外，他认为："还有电竞、高铁办公以及地铁等场景，这些用户行为和特征的快速发展带 来了新的需求，对网络和运营商的产品及服务都带来了挑战，如何抓住成长性需求以及重新定义网络的 体验，是我们驱动增长的一个关键和有效路径。" 第二，激发高清视频流量供给和消费。徐直军称，高清视频的价值是确定的，为消费者带来观看体验提 升，为运营商带来流量提升，还能为OTT（互联网公司越过运营商，发展基于开放互联网的各种视频及 数据服务业务）带来商业转化率提升，但消费的差距是明显的，当前移动视频流量中1080P及以上的占 比仅22%，供给的挑战也是多方面的。这需要运营商、OTT内容提供商、网络设备厂家、终端厂家共同 解决。 每经记者｜王晶 每经编辑｜杨夏 6月18日至20日，2025年世界移动通信大会·上海（以下简称2025MWC上海）正式拉开帷幕，本届大会 以"汇聚·连接·创造"为主题。此次展会，三大运营商、设备商华为和中兴通讯以及手机厂商等纷纷出席 活动，并带来新产品、新应用。其中，5G仍然是MWC的焦点话题。 当前，5G商用已经6年，在网络覆盖、终端、用户规模等方面发展迅速，电信市场已经进入相当稳定的 发展周期，整个业 ...

汇丰将中国移动A股评级从持有上调至买进，目标价142元人民币；将中国移动H股评级从持有上调至买 进，目标价107港元。 ...

Core Viewpoint - The Zhejiang Provincial Market Supervision Administration and four other departments have issued the "Zhejiang Province Three-Year Action Plan for Optimizing the Consumption Environment," which will take effect on July 6, 2025, focusing on enhancing consumer protection and regulating various industries [1] Group 1: Consumer Protection Initiatives - The plan includes the "Guarding Consumption" campaign aimed at strengthening regulation in the food sector, particularly targeting illegal additives [1] - It emphasizes the governance of "unfair clauses" in industries such as telecommunications, decoration, maintenance, and tourism [1] - A special rectification of the tourism market will be conducted to address unreasonable low pricing, forced consumption, and refusal to fulfill contracts [1] Group 2: Online Market Regulation - A 2025 online market supervision initiative will be launched to combat issues such as traffic fraud, fake reviews, vulgar marketing, and illegal advertising [1] - The organization of actions like "Safeguarding 2025," "Deep Blue," and "Sword Edge" will focus on fighting intellectual property infringement and the production and sale of counterfeit goods [1]

Core Viewpoint - Trump Group has launched its own wireless communication brand "Trump Mobile" along with its first smartphone model T1, priced at $499, aiming to tap into the conservative consumer market [1][2]. Group 1: Product Launch - Trump Mobile's first smartphone, T1, features 12GB RAM and 256GB storage, running on Android 15, and is set to be released in September [1]. - The smartphone will be assembled in the U.S., with customer service also based domestically [1]. - The monthly subscription for Trump Mobile's wireless service is priced at $47.45, reflecting Trump's presidential history [1]. Group 2: Operational Structure - The overall operation of Trump Mobile's wireless services and hardware products is managed by T1 Mobile, which is authorized by DTTM Operations, the entity holding the Trump trademark [2]. - Trump Group does not directly engage in hardware design or communication services, continuing its brand licensing model [2]. - Payment processing is handled in collaboration with PayPal and Stripe, while logistics are managed by UPS and FedEx [2]. Group 3: Market Positioning - The launch of Trump Mobile aligns with Trump Group's strategy of expanding into "political identity consumption," having previously ventured into social media and cryptocurrency [2]. - The brand aims to leverage Trump's political influence to differentiate itself in the highly competitive consumer electronics market [2]. Group 4: Industry Challenges - Analysts express skepticism regarding the sustainability and technical feasibility of Trump Mobile, noting the lack of disclosed partnerships with major telecom infrastructure providers [3]. - The U.S. smartphone market is highly concentrated, dominated by Apple and Samsung, with the top three telecom operators controlling over 95% of the wireless communication market [3].

Core Viewpoint - The article discusses the potential shift in the regulatory landscape for large technology companies in the U.S., highlighting recent antitrust actions that may disrupt their dominance and foster competition in the tech industry [1][2][3]. Group 1: Antitrust Actions - A federal court in Virginia ruled that Google illegally monopolized two online advertising technology markets, violating antitrust laws [2]. - A district court broke the "Apple Tax" monopoly, prohibiting Apple from charging fees on purchases made outside its app store and restricting developers from directing users to external purchasing options [2]. - The FTC's antitrust lawsuit against Meta (Facebook's parent company) is ongoing, with potential implications for the separation of its services like Instagram and WhatsApp [2][5]. Group 2: Impact on Competition - The antitrust measures could revitalize competition in the tech sector, providing opportunities for smaller companies and improving service quality [3][5]. - If Facebook is forced to separate its services, it could lead to the emergence of multiple social media platforms with different algorithms, enhancing user experience [5]. - A successful lawsuit against Amazon could create a more competitive marketplace, allowing consumers to find better-priced products [5]. Group 3: Historical Context and Lessons - The article references the historical context of AT&T's breakup in 1984, which initially fostered innovation but eventually led to a new form of duopoly in the telecommunications industry [6][7]. - The current situation emphasizes the need for ongoing regulatory oversight to prevent technology companies from abusing their market power [7].

腾讯集团高级执行副总裁、云与智慧产业事业群CEO汤道生在Vivatech主论坛分享 巴黎时间6月11日-13日，有着"欧洲科技春晚"之称的盛会 Viva Technology 2025 成功举办。腾讯集团高 级执行副总裁、云与智慧产业事业群CEO汤道生受邀出席，并在主论坛分享全球企业数字化转型趋势和 通信、医疗、出行等各领域的产业实践。 汤道生表示："腾讯云正持续加大全球数字基础设施和生态建设，助力全球企业通过AI实现数智化升 级。如今，AI已不再是单纯地「求规模」，而是要真正理解复杂的业务场景，更懂企业更懂用户，带 来价值。" 在本届Vivatech上，Orange测试发布了旗下超级应用——" Max It " 升级版，该版本依托腾讯云小程序平 台和实时通讯解决方案，打造出集聊天、转账、互动于一体的创新体验，在海外电信运营商应用中开创 先河。从2025年6月起，用户在Max It上能一站式浏览、购买品牌新品、完成日常缴费以及预订电影票 和活动门票等。将为中东和非洲（MEA）地区约1.6亿用户提供更丰富、丝滑的体验。 多云架构与生态协同，助力欧洲企业突破 AI 规模化落地瓶颈 汤道生在会上指出：欧洲企业要想充 ...

Group 1 - The CEO of BT, Alison Kirkby, indicated that the company may further reduce jobs in the future due to the ongoing development of artificial intelligence technology [1][3] - BT previously announced a plan to cut 40,000 to 55,000 jobs by 2030 to streamline operations, but Kirkby believes this plan did not fully consider the potential of AI [3] - The company aims to save £3 billion (approximately 29.21 billion RMB) through job cuts, and Kirkby suggests that AI applications could provide additional cost-saving opportunities [3] Group 2 - BT has split its international business into an independent unit and is open to the possibility of selling this part of the business [4] - Kirkby expressed that the value of BT's broadband network business, Openreach, is not fully reflected in the company's stock price, and the company may need to consider other options if this situation persists [4] - BT is also considering acquiring competitor TalkTalk, which has approximately 3.2 million customers and has faced operational challenges since being privatized in 2021 with £527 million in debt [4]