in a statement that its products are ready for commercial use and it will acti
vely participate in the commercial deployment and construction of 5G netw
orks in China, and will work closely with industry partners to actively promote the application of 5G.
China is set to become the world’s largest 5G market by 2025, with 460 million 5G users, according to a forecast by the Glo
bal System for Mobile Communications Association, an industry group.
The country’s telecom carriers are expected to spend 900 billion
to 1.5 trillion yuan ($134 billion to $223 billion) in total on 5G network
construction from 2020 to 2025, according to a report from the China Academy of Information and Co
mmunications Technology.China’s Dragon Boat Festival, or Duanwu, is just ar
ound the corner. Also called the Double Fifth Festival, the holiday, which falls on J
une 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.
of Alibaba Group Holding Ltd, announced it will employ more than 100,000 delivery
men in the next three years, with an aim to help their average wages increase by more than 20 percent.
According to Cainiao, its parcel pick-up services within two hours has cov
ered 284 cities across the country, which means the company’s logistics network has not
only covered first-tier cities, but also third and fourth-tier cities and even rural areas.
Industry insiders said JD is facing rising labor costs, and Cainiao’s intention of hiring more
couriers will intensify competition in the country’s logistics and delivery sector.
“Although JD Logistics is beefing up its presence in third-party delivery business and takin
g steps to motivate staff’s enthusiasm, it still lags behind courier companies such as SF Holding, YTO Expre
ss, STO Express and Yunda Express,” said Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy.
perty, unlike men, women showed stronger preference to those that were close to premium education resources and transport infrastructure.
The changing trend has to some extent affected the marketing strategy of some property developers. Liu Ce, research direc
tor of Kaisa Group Holdings Ltd, a Hong Kong listed property developer, said the look of the property, inc
luding interior design and views, was becoming an important factor, while location and price were less decisive.
“The gender gap in the workplace is shrinking. Thus more women are financially capable of buying properties on th
eir own, especially those living in first and second-tier cities,” said Pan Helin, an economic commentator.
He said as the divorce ratio remained relatively high, owning property provided a sense of security for women.
“Growing salaries of women professionals have changed their perceptions about marriage,” he added. “More
women have come to realize the importance of having their own place and gaining independence.”