Skip to content
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.
icorn” was first used by venture capitalist Aileen Lee six years ago to describe a privately held startups valued at $1 billio
n or more, the number of companies matching this label has mushroomed to 326, according to a report.
The United States is home to 156 unicorns, nearly half of the world’s total, followed by China with 94 unicorns, Jeff Desj
ardins, editor-in-chief of media site Visual Capitalist, said in a report called Visualizing the Unicorn Landscape in 2019.
The total valuation of the 326 unicorns has been raised to $1.1 trillio
n by investors, of which almost 30 percent is made up by the top seven unicorns with hig
hest valuation, including Bytedance, Uber, Didi Chuxing and WeWork, the report citing data from CB Insights said.
ogy giant Tencent to court and asked for 180,000 yuan in compensation after Tencent us
ed nine Visual China Group images without permission, Beijing Youth Daily reported.
Tencent said the images involved could also be found on other webs
ites, or the company could not prove it had authorization for the photos. The court fina
lly ordered Tencent to pay 40,000 yuan to Visual China, the report added.
Wang Weiwei, a lawyer from the Beijing Zhongwen Law Firm, sai
d, “Mushrooming copyright-related disputes can be acceptable if a stock-ima
ge agency, such as Visual China Group, gets authorization for images from copyright owners.
“Any litigation caused by true copyright infringement is no problem and is justifie
d, as it is also to help protect the legitimate rights and interest of the copyright owners,” he said.