HK Stock Market Move | China United Network Communications (00762) rose nearly 3% and announced the full launch of the 5G-A Action Plan, expanding business in key scenes in over 300 cities within the year.
China Unicom (00762) rose by nearly 3%, as of the time of writing, it is up 2.25%, trading at 7.73 Hong Kong dollars, with a trading volume of 194 million Hong Kong dollars.
China United Network Communications (00762) rose nearly 3%, as of the time of writing, it rose 2.25% to 7.73 Hong Kong dollars, with a trading volume of 194 million Hong Kong dollars.
On the news front, according to market reports on February 10, at the release conference of China United Network Communications' 5G-A Action Plan, by 2025, China United Network Communications plans to fully launch 5G-A services in the main urban areas of 39 key cities in the first half of the year, expanding to over 300 cities with key scenarios launching 5G-A services throughout the year. In addition, they also proposed three major initiatives for the 5G-A industry: the 5G-A Sparks Plan, to expand the scope of 5G-A applications; the 5G-A Flow Plan, to enrich 5G-A integration applications; and the Terminal Ecosystem Alliance, to drive the upgrade of the terminal industry.
Of note, the Operations Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology recently mentioned in a report on the communication business during the 2025 Spring Festival that all three basic telecommunications enterprises have fully accessed the DeepSeek open-source large model, implementing its application in various scenarios and products. They also provide exclusive computing power solutions and supporting environments for the popular DeepSeek-R1 model, to help unleash the performance of domestic large models.
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