GSMA recently held a press conference in Beijing, announcing to set up the world's first GSMA 5G innovation and investment platform.

It is said that GSMA 5G innovation and investment platform was initiated by GSMA and jointly established with 12 founding members, including the venture capital subsidiaries of China's three major telecom operators China Mobile, China Telecom and China Unicom.

Sihan Bo Chen, head of GSMA Greater China, said that GSMA pays close attentions to the innovation process of China's telecommunication industry. They hope that their group can provide a channel for China's startups to show themselves in the international arena and bring more enlightenment to the world.

Sha Yuejia, GSMA's innovation consultant, said that 5G is not merely a technology, but an opportunity of an era. China officially launched 5G commercial use process in 2019 and how to enable vertical sectors will become a huge subject to the Chinese telecommunication industry. They need collective intelligence from capital, innovation, and international platforms, in addition to the power of mobile operators.

The GSMA represents the interests of mobile operators worldwide, uniting more than 750 operators with almost 400 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organizations in adjacent industry sectors.