Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Ministry Outlines Ultra HD Video’s Broad Application Prospects
Xiaomi, Other Chinese Firms Debut on Fortune Global 500 List
China's Nasdaq-Style Venue Starts Trading as All Stocks Climb
LATEST
Upstart Chinese Crypto Entrepreneur Postpones Buffett Lunch
Three Billionaires Created on China's New Tech Board
Tencent Teams Up With Nintendo-Backed Pokemon to Create Games
Didi Sets Up Mideast, North Africa Partnership with Symphony Investments
Dubai's Top Developer to Team Up on $11 Billion Project in China
Authorities’ Attitude Key to Success of Digital Governance: Pony Ma
China’s Starbucks Challenger Eyes Middle Eastern Foray
Veteran Hong Kong Actor Recovering After Being Stabbed at Event
China’s Largest Carmaker Expands Its Ride-Hailing Business
Xiaomi, Other Chinese Firms Debut on Fortune Global 500 List
Ministry Outlines Ultra HD Video’s Broad Application Prospects
China Allows Foreign Asset Managers to Control Wealth Management JVs
China Southern to Receive New Investor Windfall
Update: High-Tech Trading Board Soars on Day One
Taiwan Stocks Offer Hefty Yield But Investors Still Selling
China's Nasdaq-Style Venue Starts Trading as All Stocks Climb
The Meaty Taste of Meatless Food of the Future
Toyota, BYD in Tie-Up to Develop Electric Vehicles for China
China Approves Older Novartis MS Drug
Alibaba Supermarkets Roll Out Drug-Dispensing Vending Machines
China Mobile Unveils Detailed Plans for ‘World’s Largest 5G Network’

By Zhang Erchi and Zhao Runhua  / Jun 25, 2019 06:10 PM / Business & Tech

Photo: VCG

Photo: VCG

China Mobile has revealed the long-awaited details of its 5G ambitions, giving further shape to the country’s rapid transition to the next generation of mobile internet.

The company plans to build the “world’s largest 5G network” by setting up over 50,000 base stations across China by the end of the year, Chairman Yang Jie said at a conference in Shanghai Tuesday. By 2020, China Mobile expects to offer commercial 5G services in over 200 prefecture-level, more-developed Chinese cities.

China Mobile, the world’s largest wireless network operator, is also set to launch its first batch of 5G phones with device partners no later than July. The carrier said the first phones will be priced from 5,000 yuan ($727), and more affordable phones priced under 2,000 yuan will be available by 2020. 

Yang added that China Mobile will launch a 30 billion yuan industrial fund to invest in key 5G technologies and applications. China Mobile has already raised at least 7 billion yuan, the company said.

Experts predicted just half a year ago that high costs would prevent China’s service providers from offering large-scale 5G applications within the next eight years. However, escalating trade tensions and technological competition have pushed several Chinese companies to roll out major 5G projects in recent months.

Contact reporter Zhao Runhua (runhuazhao@caixin.com)

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.