China News Service, November 3 (Zhongxin Finance, Wu Tao and Ge Cheng) On November 2, the news that Tencent and China Unicom were approved to set up a new mixed-ownership reform company attracted attention.

Subsequently, the topic of "Tencent Vice President has served as a director of China Unicom" appeared on Weibo's hot search, and China Unicom's stock price rose by the limit at the end of the session. What happened?

Tencent Unicom to set up a new mixed-ownership company

　　According to the relevant documents released on October 27 on the website of the Second Law Enforcement Division of the Anti-Monopoly Bureau of the State Administration for Market Regulation, the new joint venture case between China Unicom Innovation and Venture Capital Co., Ltd. and Shenzhen Tencent Industrial Venture Capital Co., Ltd. has been unconditionally approved, and the completion time is 10 18th.

Screenshot of the publicity form of the simple case of concentration of undertakings published on the website of the Second Division of Law Enforcement of the Anti-monopoly Bureau of the State Administration for Market Regulation.


　　According to the data, Unicom Innovation and Venture Capital Co., Ltd. signed an agreement with Shenzhen Tencent Industrial Venture Capital Co., Ltd., and the parties intend to jointly establish a joint venture.

The joint venture intends to principally engage in content distribution network (CDN) and edge computing businesses.

　　After the transaction is completed, China Unicom Ventures, Tencent Industrial Investment, and relevant employee stock ownership platforms will hold 48%, 42%, and 10% of the joint venture, respectively, and China Unicom Ventures and Tencent Industrial Investment will jointly control the joint venture.

Lu Shan has been a director of China Unicom since 2018

　　After the news of the establishment of a new mixed-ownership reform company with Unicom and Tencent attracted attention, the topic of "Tencent's vice president has served as a director of China Unicom" aroused heated discussions.

Some netizens ridiculed: "The new company will be called Tengtong in the future."

　　However, a reporter from Zhongxin Finance and Economics found that as early as February 2018, Lu Shan, senior executive vice president of Tencent, had already served as a director of China Unicom, not only recently.

Screenshot of China Unicom's announcement.


　　On February 8, 2018, at the first extraordinary general meeting of shareholders held by China Unicom in 2018, the proposal to elect Mr. Lu Shan as a director of the sixth board of directors was reviewed and approved.

Also selected in the same period are Baidu CEO Li Yanhong.

　　As early as October 11, 2017, China Unicom announced that the application for the non-public issuance of A shares involved in the company's mixed-ownership reform plan was reviewed and approved by the Issuance Examination Committee of the China Securities Regulatory Commission.

　　According to the mixed reform plan, in addition to raising funds through the transfer of old shares and equity incentives, it is planned to privately issue no more than about 9.037 billion shares to strategic shareholders including Baidu, Alibaba, Tencent and JD.com, raising funds of no more than about 617.25 million shares. billion.

China Unicom's response: the formation of the joint venture is in progress

　　Recently, there has been news that Tencent may be invested by state-owned assets, and Tencent's every move has attracted attention.

　　On November 1, Prosus, the largest shareholder of Tencent Holdings and the Dutch subsidiary of Naspers Group in South Africa, issued a statement saying that an article published by Asian Tech Press on October 31 stated that CITIC Group was negotiating with Naspers to acquire All Tencent Holdings shares it holds.

"This article is speculative and untrue." Prosus said in a statement that Naspers Group will continue its open-ended share repurchase program announced in June this year.

　　Regarding the establishment of a new mixed-ownership reform company by China Unicom and Tencent, on the evening of November 2, 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 been completed, which has no significant impact on the current production and operation of the company. , in the long run, it will help amplify the advantages of both parties and strengthen the CDN and edge computing industry chain.

As of press time, Tencent has not responded.

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