According to the latest IDC Worldwide Semiannual Security Spending Guide, spending on security hardware, services, and software in Asia/Pacific is expected to reach USD 16.4 billion in 2019, an increase of 20.01% over previous year. IDC expects investment on security related products and services to grow at a five-year CAGR of 20.1% over the forecast period (2018-23) and reach USD 34 billion by 2023.

Read more: Security services and software expenditure increases in Asia Pacific for 2019

Softbank has recently announced plans to merge its subsidiary Z Holdings, known formerly as Yahoo Japan, with mobile messaging giant and Whatsapp rival Line to form a Japanese internet juggernaut that would not only be a leader in data and AI, but also be able to compete with some of the world’s largest and richest technology companies, mainly in the United States and China.

Read more: Softbank, Line merger foretells the birth of a new tech powerhouse

2019 marks the first year of global 5G commercial adoption. On June 6, China’s Ministry of Industry and Information Technology (MIIT) officially issued 5G licenses to China Telecom, China Mobile, China Unicom, and China Broadcasting Network for commercial use, marking China’s official entry into the 5G era. On November 1, China's three mobile carriers began offering 5G mobile services to the public, accelerating the full commercial deployment of 5G.

Read more: China’s 3 mobile carriers kickstart commercial 5G rollout to the public

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, in partnership with China Telecom and China Unicom, has today  completed the network verification based on the co-build co-share mode in the commercial 5G environment, launching the world's first NSA co-build co-share sites of 1.8 G/2.1 G/3.5 G in Hangzhou, China that fully verifies the large-scale commercial capabilities of the 5G co-build co-share mode, and lays a solid foundation for greatly reducing initial investment in 5G and efficiently promoting 5G constructions.

Read more: ZTE, China Telecom and China Unicom join forces to consolidate 5G network verification

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