China Tower (00788.HK) announced that it has recently signed a strategic cooperation agreement with Hangzhou Hikvision Digital Technology (002415.SZ) and Zhejiang Dahua Technology (002236.SZ).

It is reported that the three companies will establish a work coordination mechanism, actively promote the sharing of advantageous resources and technological cooperation. This includes launching innovation research and development on intelligent IoT technologies and strengthening research collaboration; cooperating to optimize the construction of a tower-based intelligent IoT platform; jointly exploring areas of smart application cooperation to create intelligent solutions that can adapt to complex environments.