What opportunities can create the next Tencent, Alibaba and Google?

'This is what all capital is paying attention to. Now, a lot of capital is focused on 5g cake. Once it finds good application opportunities and business models, it will pounce on it like a tiger.' From June 29 to 30, the 21st Annual Meeting of the China Association for science and technology was held in Harbin. Liu Erfei, founding partner and CEO of the Asia Investment Fund, said at the opening ceremony.

In this regard, Ding Jian, director of Jinshajiang venture capital, raised a question: is the impact of 5g a story or a reality that can be seen in the next few years?

Open up a blue ocean of industrial Internet

Wu Hequan, an academician of the Chinese Academy of engineering and an expert on optical fiber transmission network and broadband information network, made it clear that 5g is not far from life. 'With the advantages of high speed, high definition and low delay, 5g brings not only high-speed download ability, but also better experience in virtual reality, augmented reality and other aspects, and can be used in education, telemedicine, etc. through large connections, 5g helps build smart cities and smart factories. In addition, 5g Technology can also be used to train pilots, drivers, workers, education, autonomous driving, etc.'

Wu Hequan emphasized that the initial application scenario of 5g was mainly consumption, but it should eventually be extended to industry. Wu Jichuan, honorary chairman of the China Electronics Society and former Minister of the Ministry of Posts and telecommunications and information industry, also said that the emergence of 5g opened up a new blue ocean in industrial production and industrial Internet.

'Skilled workers need to look at the drawings to connect each cable, but COMAC adopts 5g and 8K technology, so that workers can connect directly without looking at the drawings and cables. This improves work efficiency and ensures work quality. At present, 5g can penetrate into all industries.' Wu Hequan said.

Wu Hequan admitted that the development of 5g needs a process. 'It will take 7-8 years for 5g to cover a scale like 4G. According to Qualcomm's relevant research report, by 2035, 5g will increase global economic output by 4.6%, corresponding to a market size of $12.3 trillion. By 2035, China's GDP will increase by about $100 billion and create about 10million jobs because of the use of 5g.'

Some people say that 5g terminals and tariffs are relatively expensive. Wu Hequan believes that this is not a problem. 'In a few years, the terminal price of 5g will become the same as that of 4G, and the tariff is also declining. With technological progress, 5g is not a higher consumption, but an affordable consumption.'

Bring opportunities to the revitalization of Northeast China

In the era of industrial Internet, how can 5g promote the development of the old industrial base in Northeast China? Wu Hequan said that Heilongjiang can use 5g to alleviate traffic congestion, promote agricultural modernization and digital transformation of factories, and better develop educational resources and ice and snow tourism resources. 'There are almost no areas where 5g cannot penetrate. Heilongjiang can achieve a new leap with 5g.'

Deng Zhonghan, academician of the Chinese Academy of engineering and founder of Zhongxing micro group, also said that 5g is a huge opportunity for supply side reform. Heilongjiang should use the wings of 5g to promote the revitalization of the old industrial base. Liu Erfei hopes that within five years, Heilongjiang will create 50 to 100 Heilongjiang enterprises to enter the Shanghai Science and technology innovation board or the international capital market. 'This requires training talents, gathering funds, and improving the business environment in Heilongjiang.'

'The capital market remains cautiously optimistic about 5g, but at the same time it is a little panicked. The reason for the optimism is that everyone believes that 5g can bring fundamental changes to life and business models. The reason for caution is that everyone is predicting when 5g's good application will come.' Liu Erfei said frankly.

Why are you in fear? 'Because of the entire capital market, many enterprises underestimated the impact of the mobile Internet on people's lives and some businesses at that time, so they were worried that 5g would be caught off guard when it suddenly came in front of them, so that they would miss good investment opportunities and business models.' Liu Erfei said.

However, Ding Jian encouraged more entrepreneurs from the technology industry to boldly explore the 5g business model. 'If you are also looking for 5g business model, as long as the team is good and the market is good, there is no need to worry about capital.' Said Chen Hong, founder, chairman and CEO of hanergy investment group.