Unicom to raise $11.63b from strategic investors

The telecoms giant has tapped Tencent, Baidu, Jd.com, Alibaba, part of China’s multi-year plan to reform the its state-owned enterprises.
August 16, 2017

Unicom plans to raise about Rmb77.91 billion ($11.63 billion) from Tencent, Baidu, Jd.com, Alibaba and others, via the sale of a majority stake in its Shanghai-listed unit.

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