BEIJING, June 3 (Xinhua) -- A 5 billion-yuan 5G industry fund was officially established in the Beijing Economic-Technological Development Area, according to information from a summit on Beijing's 5G development and investment held here recently.
As Beijing's first government-involved special fund for 5G industry, it will focus on investing in leading high-tech companies at home and abroad in the whole 5G industry chain.
It is reported that founders of the fund also include Beijing E-Town International Investment & Development Co., Ltd. (E-Town Capital), China Jianyin Investment Ltd. (JIC) and a science and technology innovation investment management company in Beijing.
Currently, the Beijing Economic-Technological Development Area boasts 30-odd upstream, midstream and downstream enterprises engaging in the 5G industry, and more than 200 experimental 5G base stations.
Besides, 50-odd 5G base stations have been opened in the area, and more than 200 5G base stations might be ready for use by the end of the year, realizing the full coverage of the 60-square kilometer area with 5G networks.
In the future, the area will give priority to the construction of 5G infrastructure and platforms, key technology development involving antennas, filters and optical chips, as well as the application of 5G technology such as Internet of Vehicles (IoV) and 8K HD, according to a source with the area. (Edited by Gu Shanshan)
A single purchase
