On August 27, China unicom and golden butterfly group announced the establishment of a joint venture company 'yun di wisdom' and the launch of an industrial Internet platform 'yun di wisdom' at the China industrial Internet conference 2019 and the guangdong-hong kong-macau greater bay area digital economy conference.

According to the report, the joint venture company will rely on China unicom 5G network, cloud network integration, cloud-side collaboration, Internet of things perception, big data enabling and other infrastructure capabilities, with the help of kingdee group's customer resource advantage in the enterprise market to help smes achieve transformation.

Zhang jianyun, general manager of yun di wisdom, said the company aims to have at least 100,000 enterprises and 1m devices connected by 2023 and hopes to enter the capital market by around 2025.

Chen yangfan, general manager of industrial Internet product center of China unicom group, told reporters that the company officially released 5G strategy in April this year, including new media, industrial Internet, medical and other fields, among which industrial Internet is the top priority.'the biggest difference between 5G and 4G and 3G is deterministic networks,' he said.

Zhang jianyun said that more efforts will be made in this year and next to small and medium-sized manufacturing enterprises, especially the application of compact clusters in discrete manufacturing industries, the sharing of various production factors, inter-enterprise connectivity and business collaboration.

Earlier, kingdee international released its semi-annual report. In the first half of the year, the company's cloud service revenue reached 550 million yuan, up 54.9% year-on-year.Xu shaocun, founder and chairman of kingdee group, said at the conference that the company's cloud revenue accounted for 37 percent in the first half of the year, up from 27.8 percent in the same period last year.