A signpost with the words "Moving towards 5G" written on it is displayed at China Mobile's booth on June 29, 2016, at the Mobile World Congress Shanghai. Liuzheng/chinadaily.com.cn

As a transition technology to be utilized before the mass popularization of 5G, Pre5G Massive MIMO has been deployed to many telecom operators in China, the Asia-Pacific region and Europe, including China Mobile, SoftBank, KT, Umobile and Hutchison Drei Austria.

"Ten commercial networks from global perspective will use ZTE's Pre5G service in the future," the company said.

"5G is a promising sunrise industry that will effectively present in many ways, and we've talked to enterprises from a verity of sectors for further implementing, such as BMW and domestic Internet company Baidu," Xiang said.

The company is introducing new technology, such as Multi-User Shared Access (MUSA), to overcome the limited performance of Narrow Band Internet of Things (NB-IoT), caused by what is known as Long Term Evolution (LTE).

Earlier this week, the company signed a memorandum of understanding (MoU) for the development of 5G with Spanish mobile operator Telefonica.

On June 21, ZTE announced it had completed the prototype verification and performance testing of high-frequency communication -- one of the key 5G technologies-- with help from China Mobile's Shanghai research institute.

The joint test result completely fulfills the theoretical expectation, achieving a single user peak rate of more than 3.7 Gbps.

The company has achieved nearly one thousand patents associated with 5G technologies and is keen to develop the next generation Internet of Things prototype. It will be based on 5G, utilizing 5G experiments and established networks dominated by the government.