Recently, the list of unconditional approval of the concentration of operators released by the Second Department of Anti-monopoly Law Enforcement of the State Administration for Market Regulation shows that the case of the newly established joint venture between China Unicom Innovation and Venture Capital Co., Ltd. and Shenzhen Tencent Industrial Venture Capital Co., Ltd. was unconditionally approved. The fact that China Unicom will establish a new mixed-ownership reform company with Tencent has attracted the attention of netizens. Shortly after the announcement was released, CNMO learned that Tencent’s vice president has served as the director of China Unicom .
Tencent
CNMO found on Qichacha APP that Lu Shan, senior executive vice president of Tencent Holdings Co., Ltd., also served as director of China United Network Communications Co., Ltd. (i.e. China Unicom). In addition, Shenzhen Qianhai New Internet Exchange Center Co., Ltd. , established in 2021, China Unicom Innovation and Venture Capital Co., Ltd. holds 218% of the shares, and Shenzhen Tencent Industrial Venture Capital Co., Ltd. holds 5% of the shares. It is not difficult to find out from this information that the cooperation between Tencent and China Unicom may have been planned for a long time. It is worth mentioning that there had been news that China Mobile and CITIC will acquire Tencent, but this rumor has been denied by Tencent.
At present, Tencent and China Unicom have not responded to the establishment of a new company. As for the information related to the newly established mixed-ownership reform company, such as the main business, they are still unknown. In this regard, many netizens said that the cooperation between China Unicom and Tencent is a heavyweight cooperation. The two sides have previously cooperated with the Dawang Card business. What kind of sparks will this cooperation create? Looking forward to the follow-up actions of both.
