business models: In June, TCL established a joint 5G innovation R&D Lab with China Unicom, and in September, it signed a strategic cooperation agreement with China Mobile and kicked off its 5G Industrial Internet Demonstration Park, according to Global Times China. The partnership will help us to accelerate industrial transformation while exploring new business models for 5G applications, Streit said, adding that TCL will bring more innovative Internet of Things IoT products and service to Chinese consumers. Stefan Streit told the Global Times, We have been working very closely with our carrier partners in China in terms of 5G research. That's also the purpose of those joint 5G labs with carrier customers, he stressed. It was the first company to implement the pre-5G end-to-end solution demonstration at the Mobile World Congress last year. Being a pioneer in 5G applications, TCL engaged in 5G R&D as early as 2015.
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