Again a puzzle? China Unicom Denies Alibaba and Tencent Participate in Mixed Reform

【Global Science and Technology Weekly Report】 On the afternoon of June 23rd, China Unicom denied the question of whether Alibaba and Tencent would participate in the mixed reform, and China Unicom stated that the report was false.

Earlier, Reuters quoted sources as saying that Alibaba and Tencent's two major technology giants will be involved in China Unicom's $ 10 billion financing, and Baidu will withdraw.

According to foreign media, said that China Unicom plans to raise about 70 billion yuan (about 102.5 US dollars). According to Thomson Reuters data, this will be the largest financing in Asia since 2010, and about 50 billion yuan will be raised through the issue of new shares.

Wang Xiaochu, chairman of China Unicom, once said that the mixed reform involves many departments and needs to communicate with ten ministries and commissions. Many ministries and commissions communicate with him personally and it is very difficult. However, a final verdict will be announced in real time. He also said that the mixed reform plan will include the issuance of new shares and the sale of old shares.

Wang Xiaochu said that the purpose of Unicom mixed reform is not to raise funds, but to coordinate policy development and make the Group's operations more market-oriented. However, Unicom and the A-share companies are closely related, I believe it will help China Unicom to develop, especially in the future in innovative services, 5G, etc. The field needs a lot of money to invest.

On April 5 of this year, China Unicom announced that the announcement of the A-shares will stop at the same time. Combined with the news that all relevant state agencies require mixed reforms in May and June reform plans, it is widely believed that China Unicom has entered a substantive stage of improvement.

During this period, there have been reports that BAT’s three technology giants will participate in the mixed reform of China Unicom.

However, for the final result, according to media reports, insiders of China Unicom stated that such a major event can only be announced, and only a few senior executives are aware of it.

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