Tech Insider: Ericsson’s 5G Plans for China, Douyin’s World Cup Coup

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Ericsson targets private 5G network growth in China

Sweden’s Ericsson Inc. will shift its focus toward helping Chinese businesses build their own private 5G networks, a company executive said on Wednesday, while hailing the firm’s commitment to investing in the Chinese market, which accounted for 4% of its global revenue in the first quarter.