This report introduces five megatrends in evolution from 5G to 6G, namely: superior performance, high energy efficiency and lightweight equipment, network intelligence, integrated communication, sensing and computing, and space-air-terrestrial integration. The report also covers nine representative new technologies, and analyzes, in detail, 5G's new value as a new driving force for the in-depth and intelligent development of economy and society, which is helping to expand the boundaries of intelligent lifestyles for individual users, extensively incorporate intelligence within industries, and realize universal intelligence in society, in addition to requirements for business model innovationrealize this new value. Through this report, we hope to build consensus on 5G technology innovation and value creation, develop and strengthen the 5G industry, and stimulate 5G-enabled economic and social transformation.