Private equity firm bullish on emerging businesses in nation

JG Investment, one of China's emerging private equity firms, is looking to find its sweet spot in China's rapidly developing emerging technologies sector, according to a top company official.

"We will expand our presence in the fifth-generation wireless communication technology, or 5G, this year. Projects with promising application scenarios will be our top priorities," said Gui Zhaoyu, founding partner of JG Investment.

Gui, a former managing director of Carlyle Group, one of the world's largest PE firms, said he was extremely bullish on businesses focused on the 5G small cell, which is basically a portable miniature base station with lower costs and a more convenient way of deployment compared with a macro base station.