FILE PHOTO: A man walks past the China Mobile logo at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez
HONG KONG - China’s largest telecommunications operator China Mobile said on Tuesday it will set up a 30 billion yuan 5G industry fund and has already raised the first installment of 7-10 billion yuan. China Mobile Chairman Yang Jie made the announcement at a press conference in Shanghai, according to a transcript of his speech provided by the company.Yang also said China Mobile will invest 3 billion yuan into developing 5G content such as ultra-high definition videos and games.
In 2019, China Mobile plans to build more than 50,000 5G base stations in China and provide 5G services in more than 50 cities, he said.Our Standards:
I don't even know why China is investing in 5G. I have been to Beijing and you can open like 3 websites. Everything is filtered there anyway. You could connect your phone to a dialup modem from the 90's and it would make no difference.
They are too rich, and they are government-controlled enterprises. I don't know what to say.