Huawei

A source on PRNewsWire confirms that there are over 700 cities applying for the construction of smart cities. China has the biggest number of smart cities. This is all due to the fast growth of 5G technologies, cloud, big data and the internet of things (IoT).

According to Huawei’s official WeChat account, the telecommunications giant and the People’s Bank of China (PBoC) have singed together for the purpose of conducting FinTech research. Further details were not diclosed.