For years, mobile carriers have billed users by the gigabyte. Now, China’s telecoms giants are seeking to monetise the artificial intelligence boom by introducing a new unit of measurement to monthly bills: the AI token. On Sunday, China Telecom unveiled nationwide, token-based pricing packages aimed at a range of customers – from casual users to developers and businesses – according to information listed on the company’s app. Consumer packages, tailored for everyday tasks, start at 9.9 yuan...
CK Hutchison Holdings’ shares climbed to their highest level since 2020 after the conglomerate announced plans to exit the UK mobile market, signalling that investors believe the Li family may once again have timed an industry peak before the broader market. Shares rose about 12 per cent to HK$73.30 on Monday from the May 5 close, after the company said it would sell its 49 per cent stake in VodafoneThree for US$5.8 billion. CK Hutchison said the disposal was expected to generate a gain of about...