China Cosco Shipping Corporation and China Mobile signed a strategic collaboration agreement in Beijing on Friday.
Under the agreement, the two groups will start a series of collaborations in areas including 5G smart applications, cloud computing, supply chain and equity investment.
Cosco Shipping Ports, Cosco Shipping Technology and China Mobile have also signed a letter of intent for the joint development of a 5G smart port laboratory.
Cosco has been making greater efforts to be involved with cutting edge technologies over the past few years.
Last November, Cosco led the establishment of blockchain consortium Global Shipping Business Network (GSBN) to rival Maersk’s TradeLens. This month, a host of top carriers and port groups from GSBN signed up to a CargoSmart-led new association designed to come up with shared digital solutions for the shipping industry. CargoSmart is now owned by Cosco following the takeover of OOCL last year.