[China Report] China Is Betting Big on IoT and Smart City Projects

SEOUL, Korea, April 6 (Korea Bizwire) –The Strategic Alliance of Smart City Industrial Technology Innovation, an organization under the Chinese Ministry of Industry and Information Technology, will create a fund of 50 billion yuan (US$8.05 billion). The gigantic fund, to be formed by June this year, will be used to pay for programs including smart city traffic [...]