The news that China Unicom Venture Capital and Tencent Venture Capital’s new joint venture was approved suddenly attracted attention. To this end, tonight, China Unicom issued a special announcement in response stating that the establishment of the joint venture is in progress and has not yet completed the establishment registration, which has no significant impact on the company's current production and operation. In the long run, it will be conducive to amplifying the advantages of both parties and strengthening the CDN and edge computing industry chains. This regular cooperation involves investment amounts that do not meet the standards that the company should disclose in relevant regulations.
Unicom responds to the announcement
Southern+Reporter noticed that the public was very enthusiastic and very sudden, which is closely related to the rumors that Tencent was invested by state-owned assets. In fact, China Unicom, which has sorted out mixed-ownership reform, has found that similar operations are not new in cooperating with new economy companies in recent years.
According to public information, in 2018, China Unicom established a joint venture with Alibaba , Yunli Smart, with a registered capital of 353 million yuan, focusing on the digital transformation of government and enterprises; in February 2019, China Unicom and Netsu Technology jointly established a joint venture, focusing on CDN and edge computing businesses; in November 2019, China Unicom and Tencent announced business cooperation in communications, cloud computing , and network security.
In 2017, China Unicom promoted mixed reform. In 2019, China Unicom also promoted Yunnan Unicom to introduce private capital and established an operating company controlled by private to hold .
It can be said that China Unicom, after the mixed-ownership reform, has been active and frequent actions in the new economy field, and this has gradually promoted China Unicom's overall performance.
In the first three quarters of this year, China Unicom's service revenue reached RMB 239.654 billion, an increase of 7.8% over the same period last year. China Unicom's industrial Internet business, which is highly related to mixed-ownership reform, achieved revenue of RMB 53.15 billion, a significant increase of 29.9% year-on-year, accounting for 22.2% of the service revenue.
[Reporter] Yao Chong
[Author] Yao Chong
[Source] Southern Media Group Southern + Client
