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As competition heats up, only four to five smartphone vendors will have global influence in the end, said Zhao Ming, president of Honor, one of the twin signature smartphone brands owned by Huawei Technologies Co Ltd.

As cross-sector cooperation is vital to the success of 5G, China Mobile has set up 23 open laboratories by partnering with companies from transportation, energy, gaming and other sectors, and has already supported 50 pilot 5G industrial applications.

As a result, they reached more than 20 cooperation deals, the media reported.

As for the rumored valuation of Xiaomi at 0 billion or $ 200 billion, Tiger Brokers researchers said that as Xiaomi had not filed financial statistics for its IPO, it was still too early to tell whether Xiaomi was "expensive" for investors.

As President Xi Jinping said, if the young people all around the world have dreams of a better future and the courage to shoulder due responsibilities, there will be hope for mankind. These young people will be an inexhaustible source of strength behind the lofty cause of peace and development of mankind.