State-owned China Unicom to raise $12 billion from Alibaba, Tencent, others: Reuters

Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group (BABA.N) and Tencent Holdings (0700.HK), as part of Beijing's push for state-owned enterprises to be revitalized with private capital, Reuters reported.

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