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China Unicom New Shareholders: Alibaba & Tencent? Not True!

Update time : 2017-06-27 09:05:22

Ruters exclusively on June 22 that Alibaba and Tencent will get involved in China Unicom's $10 billion financing. However, China Unicom has responded to Sina Technology that it hasn't accepted the financing of Alibaba and Tencent, and 10 billion US dollars are nonsense.

The reason that China Unicom carries out the mixed ownership reform is raising investments of about CNY70 billion. The company plans to sell new shares to raise nearly 50 billion renminbi, which is part of the former.

In addition, China Unicom also plans to sell part of the shares it held of its Shanghai-listed company. Thomson Reuters signifies that this will be the largest financing case after the initial public offerings of AIA in 2010, if it happens.

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