Entering China: Exploring 5G Opportunities and Launch of Business Matching Sessions

As part of SGTech’s ongoing efforts to promote internationalisation, SGTech is pioneering an online community to facilitate efficient cross border business matching between Singaporean and Chinese companies. Hosted on Lark, companies will be able to upload their business profiles and meet other like-minded companies, potential business partners and customers. 

The community will hold regular networking and learning sessions on the last Tuesday of each month, with the first on 27 October 2020. This hybrid online-offline event, which centred on the theme of 5G development and opportunities, was attended by more than 50 companies virtually and physically in Chongqing. SGTech and fellow co-chair for the China-Singapore (Chongqing) ICT Innovation And Collaboration Alliance, the Chongqing Technology Service Marketplace, invited three 5G experts to present about the developments, trends and opportunities for 5G adoption and research. The meeting also showcased the Chongqing Economic And Technological Development Zone through a presentation, how Lark can help to facilitate business collaboration

Key Takeaways

Mr Edward Tay, Chief Executive Officer at Sistema Asia Capital Pte Ltd, highlighted the increasing rate of adoption of 5G in China. He predicted that Chinese consumers will be the first in the world to buy 5G phones en masse. 

Mr Xu Kai, Senior Engineer for 5G at Huawei, gave examples to help the participants understand how 5G can change the everyday lives of a general consumer. 

Mr Zhou Junwei, Director at China Mobile’s 5G Promotion Office, presented strategies that allow 5G implementation and adoption at a larger scale. For example, sector-specific adoption models are developed to facilitate quicker adoption of 5G services by different industries. 

Mr Wu Jiang from Chongqing Economic And Technological Development Zone gave an overview of the strategic importance of the zone and areas open for collaboration. He highlighted that a 5G-enabled Industrial Park currently sit within the zone and would be able to house more than 200 5G-related companies by 2025.

We thank our speakers and attendees for their participation.