je.st
news
China Unicom confirms Alibaba, Baidu, Tencent as new shareholders
2017-08-16 02:00:00| Total Telecom industry news
As expected, China Unicom on Wednesday confirmed that Web giants Alibaba, Baidu, and Tencent are among more than a dozen companies that will invest a combined 74.72 billion yuan (€9.53 billion) in the operator in a bid to revive its fortunes. Alibaba rival JD.com and ride-hailing firm Didi are part of the group as well (see below for a full list). China Unicom said it expects net proceeds to come in at CNY61…read more on TotalTele.com »
Tags: china
alibaba
shareholders
confirms
Category:Telecommunications