State-owned China Unicom unveils $11.7 billion of strategic investment

China’s third-largest mobile operator has unveiled the details of its ‘mixed ownership reform’, involving a bunch of new ‘strategic investment’.
The move is part of a broader initiative by the Chinese government to introduce private investment into state-owned enterprises. Hong Kong listed China Unicom has offered more than half of the majority stake still state-owned to strategic investors, which comprise a roll-call of major Chinese tech companies and investment f