China Unicom Secures Strategic Investments from Alibaba, Tencent, Baidu and Partners
China Unicom has reached an agreement with several major Chinese technology companies — including Tencent, Baidu and Alibaba — that will bring a combined investment of $11.7 billion (£9.1 billion) into the operator. Ten investors, a mix of private and state-backed firms, will acquire slightly more than 35% of the shares in China United Network … Read more