China Unicom to Set up Operating Centers with Tech Heavyweights

Updated:2017/8/3 15:55

China Unicom's new share holder seems to be emerging in spite of the clarification made by the company in response to a media report that Alibaba and Tencent are the share holders.

China Unicom has planned to set up cooperating operation centers respectively with Tencent and Alibaba, which indicates there is possibility of capital injection into China Unicom by Tencent and Alibaba.

China Unicom will establish the operating centers with Tencent in Shenzhen, Guangdong Province and Alibaba in Hangzhou, Zhejiang Province.

However, details to the mixed ownership reform of China Unicom are still being determined.

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