On June 6, the Ministry of Industry and Information Technology officially issued 5G commercial licenses to China Telecom, China Mobile, China Unicom and China Radio and Television. This marks that China has officially entered the first year of 5G commerce.
According to Zenith, the US media agency, China is the largest smartphone owner, with annual sales of between 450 and 500 million new phones. This means that a corresponding number of old mobile phones are idle every year. In Europe and the United States, the recovery rate of old mobile phones is about 50%, while the domestic recovery rate is less than 10%. The scale of the domestic second-hand mobile phone industry, there is still huge room for growth.