TOKYO -- On a bright day in late November, a dozen Japanese businesspeople in black suits gathered in Tokyo. Despite the funereal attire, they were there to hear about the birth of a lucrative new industry: 5G.
Liang Hua, the chairman of China's Huawei Technologies, had come to tell them how quickly his country was installing the lightning-fast telecom networks (well ahead of schedule) and how much money was on the line (billions upon billions of dollars).