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Support given for industrial internet companies to go public

By Cheng Yu | | Updated: 2022-04-13 19:10
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A child takes part in an art exhibition using virtual reality devices at an art museum in Hangzhou, Zhejiang province. [Photo by Long Wei/For China Daily]

The Ministry of Industry and Information Technology, China's top industry regulator, said in a work plan on Wednesday that it will support the initial public offering of eligible industrial internet companies to further drive the development of the industrial internet.

The industrial internet refers to the broader adoption of advanced technologies, such as next-generation wireless networks, big data, artificial intelligence and the internet of things, into the industrial sector.

According to the plan that was released on Wednesday, accelerated efforts will be made to boost the application of 5G technology in the industrial internet, especially to accelerate the construction of factories that were fully covered with 5G connection.

A total of 10 such factories will be built as planned and such trials are expected to promote major applications scenarios in the industrial sector, consumption and other sectors, the plan said.

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