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China's online giants back deal to shake up state telco

China Unicom's parent to raise US$11.7 billion by selling shares to Chinese firms and employees

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Published Thu, Aug 17, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Hong Kong

    SOME of China's biggest technology players are backing a plan to invest nearly US$12 billion in one of the country's telecommunications giants, the latest move in a broader government push to shake up the country's bloated state-run companies.

    But it is an effort that, so far, has left experts unimpressed.

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