Changes in Hong Kong stocks | Telecom stocks are collectively rising, and the transformation of the three major operators to token management is expected to drive an increase in overall token consumption

The Zhitong Finance App learned that telecom stocks rose collectively. As of press release, China Telecom (00728) rose 3.96% to HK$4.72; China Unicom (00762) rose 1.6% to HK$6.365; and China Mobile (00941) rose 1.17% to HK$82.15.

In terms of news, the three major telecom operators are transforming from traffic management to token management. China Telecom uniformly launches token service products at the group level, targeting developers, micro, small and medium-sized enterprises, and individual household users. China Unicom launched a standardized token package on the Unicom Cloud website. China Mobile is piloting token packages in many places. From provincial pilots to group coordination, from single billing to ecological adaptation, token management is becoming the consensus of the operator industry.

Northeast Securities pointed out that the three major telecom operators have fully implemented standardized token services, relying on national cloud network resources, government and enterprise channels, and a massive user base. Operators are entering the market to reshape the service form of the industry. Computing power is no longer just a professional low-level resource for leading technology companies, but is being transformed into an inclusive basic service for small and medium-sized enterprises and individual developers, lowering the customer threshold and driving a further increase in overall token consumption.