The three major operators' computing power revenue increases, with token services gradually becoming the main business focus.

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Recently, the annual reports for 2025 of the three major telecommunications operators have been released one after another. Overall, the operators’ key performance indicators have remained at a high level, but in terms of total volume, the situation of sluggish growth has not shown any significant improvement. Structural revenue growth—such as from computing power services, innovative businesses, and international business—remains the main highlight. In 2025, the three operators’ focus for investment in basic resources will continue to tilt toward computing power. A reporter noted that, according to the disclosed capital expenditure plans, computing power-related spending remains a key direction for operators this year. Of course, the end goal of smart-computing infrastructure is also to focus on how to monetize it. Judging from the statements by the three operators, Token (term) operations will gradually become the main line. (People Finance News)

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