A 5G technology exhibition is held in Hangzhou, East China's Zhejiang province, on Jan 19. [Photo/Xinhua]

Last September, Binjiang signed a cooperation agreement with China Mobile Group Zhejiang Co to jointly establish an innovation center with a focus on exploring the application of 5G cutting-edge technologies in the industries and propel the development of 5G industry in the district.

Aside from the innovation center, Binjiang is also home to the research and development (R&D) center of Nokia, the largest of its kind in China.

Established in 2002, the Hangzhou R&D center now is equipped with solid technical bases and a rich talent pool with over 4,000 employees. The center is also the main R&D base for Nokia's 5G and cloud products worldwide.