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Yunda Holdings Conducts Its First Flight for 5G Drones
COVID-19 and China
A drone. Image Credit: Christine Sandu / Unsplash

5G has gained increasing attention these days, which belongs to China’s new infrastructure projects. As for China, it is gradually entering into the 5G era. According to GSMA (全球移动通信系统协会), it forecasts that China would invest CNY 180 billion for the construction, and 90% of them were utilized for 5G networks.

Under the promotion of 5G, Yunda Holdings is trying its best to improve the 5G coverage. The route of 5G drones could manage the trial districts remotely, largely improving the logistics industry’s efficiency. Specifically, the firm keeps increasing its investments in R & D, which is beneficial for its 5G drones. Moreover, there was an 18.72% increase in its R&D expenses from 2018 to 2019, indicating Yunda Holdings’ continuous leaning towards innovation.

Due to the negative effect of COVID-19, Yunda Holding’s operating incomes have decreased by about 15.86%, dropping to CNY 5.62 billion. Hence, it is better for firms to conduct digital transformation. As well as 5G drones, the firm is now exploring areas in AI and the Internet of things, which might help speed up the transportation speed.

ANALYST
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