(Yicai Global) April 30 -- Shares in New Trend International Logis-Tech have climbed 4.6 percent today after the Chinese logistics and manufacturing services provider announced a 5G partnership with state-backed carrier China Telecom.

The Shenzhen-based firm's stock [SHE:300532] was trading at CNY15.6 (USD2.31) as of 2.04 p.m. 

Logis-Tech and China Telecom, one of the country's 'big three' telecoms network providers, have agreed to build a lab seeking solutions to a range of 5G application problems, Logis-Tech said in a statement. Their research will focus on smart logistics services and manufacturing, and applications for the industrial internet.

Editor: James Boynton