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China Unicom Confirms Substantive Negotiation With Baidu, Alibaba, Tencent, Jingdong

Updated:2017/9/22 15:59

China Unicom has been conducting substantive negotiation with four shareholders Baidu, Alibaba, Tencent and Jingdong in terms of cooperation in new sales, cloud computing, home Internet and Internet of Things, Wang Xiaochu, chairman of the company said at the EGM of China Unicom on September 20.

China Unicom will cooperate with Alibaba and Tencent in home Internet OTT services which is more popular with consumers now.

Mr. Wang expressed that the company's leading growth of next year in the industry can be expected.

Besides, the Chinese telco wants support of huge 5G investment from its shareholders.

Mr. Wang showed two obvious changes the mixed ownership reform brought: Efficient Internet mode and open cooperative innovation.

However, China Unicom's stock price kept falling recently after resumption. Individual Investor Chen Gang thinks it may be maliciously suppressed by some agency.

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