China’s Huawei Technologies Co. is gearing up to provide smart services and 5G technology to industries such as healthcare for new revenue streams that might offset the damage to its smartphone business from U.S. sanctions

In the southern city of Guangzhou, the company teamed up with the Guangdong Second Provincial General Hospital to equip it with 5G technology and more than 10,000 smart devices that can collect and transmit real-time health data from patients to doctors and nurses to improve patient care.

5G is an ultra-fast wireless technology that has little lag time and can support a massive…

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