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China Mobile is working hard to partner with industries such as electricity, tourism, manufacturing and healthcare to explore the biggest potential of 5G in boosting efficiency in real business cases and promoting industrial upgrades.

China Mobile is one of the organizers of the Fifth Global Virtual Reality Conference, which will be held online from May 17 to 18.

China CITIC Bank Corp Ltd helped China General Technology (Group) Holding Co Ltd, a major State-owned conglomerate specializing in areas including pharmaceuticals, advanced manufacturing and technical consulting, raise 2 billion yuan on Thursday through issuance of 90-day super and short-term commercial paper with a bond coupon rate of 2.4 percent. Out of the total funds raised, 400 million yuan will be used for prevention and control of the epidemic.

China also is working to better the lives of its people, both economically and by tackling the negative side effects - notably pollution - resulting from its meteoric economic rise.

China Mobile, the country's largest telecom operator, will invest several hundreds of billion yuan into 5G-related industries through equity participation and mergers and acquisitions over the next five years, the company said on Friday.