Beijing Municipality’s 5G industry fund with a scale of five billion yuan($723.9 million) and the 5G institute officially settled down in Yizhuang, Daxing District recently, reported Beijing Daily on May 31, 2019.
The 5G industry fund will focus on investing in high-tech enterprises with advanced technologies at home and aboard, which are at the upstream, mid-stream and downstream of 5G industrial chain.
The 5G institute will establish an operating team in charge of industrial research, operation planning, proposal for products and others.
It will also plan the chip and innovation applications, like AI, Industry Internet and mobile healthcare.
Beijing is one of the pilot cities of 5G network’s construction and application.
Now, half of the city’s 5G base stations are distributed in Beijing Economic-Technological Development Area.