China News Service, November 2. On the 2nd, the news that the new joint venture between China Unicom Ventures and Tencent Ventures was approved has attracted attention.
That night, China Unicom issued an announcement in response that the establishment of the joint venture is in the process of advancing, and the establishment registration has not yet been completed, which has no significant impact on the company's current production and operation.
China Unicom said that based on the company's strategic needs to fully advance into the digital economy, the company's subsidiary Unicom Venture Capital plans to establish a new joint venture with Tencent Venture Capital, mainly engaged in content distribution network (CDN) and edge computing. Complete CDN/MEC platform capabilities, operational capabilities and product innovation capabilities.
The aforementioned approvals for the concentration of business operators have been announced on the website of the State Administration for Market Regulation on October 27, 2022.
China Unicom also said that Tencent is one of the company's long-term strategic investors.
This matter is a normal business cooperation between the company and Tencent, and the investment amount involved does not meet the standards that the company should disclose as stipulated in the "Shanghai Stock Exchange Listing Rules".
(Zhongxin Finance)