皇冠体育app

Business
/ / Technology

Alibaba, Tencent want pieces of telecom giant

By MA SI | 皇冠体育app Daily | Updated: 2017-08-02 07:03

Alibaba, Tencent want pieces of telecom giant

Company logos of 皇冠体育app Unicom are displayed at a news conference during the company's announcement of its annual results in Hong Kong, March 16, 2016.[Photo/Agencies]

皇冠体育app United Network Communications Group Co, the country's second-largest mobile carrier by subscribers, has set up two operating centers to deepen cooperation with Alibaba Group Holding Ltd and Tencent Holdings Ltd.

The move signals that Alibaba and Tencent are almost certain to become shareholders of 皇冠体育app Unicom, as the State-owned telecom carrier accelerates its push for mixed-ownership reform, analysts said.

According to a document obtained by 皇冠体育app Daily, the two centers, established in Shenzhen, Guangdong province, and Hangzhou, Zhejiang province, are designed to expand cooperation, respectively, with Tencent and Alibaba.

Supervised by 皇冠体育app Unicom's headquarters, the two centers are engaged in product design, event planning and research and development, and other activities which will support the telecom carrier's nationwide cooperation with the two tech heavyweights, the document said.

The Alibaba-oriented center has started with 50 employees, and the Tencent-centered one starts with 34. The staff lists will be adjusted as needed, the document said.

A screen capture of recruitment information shows that the Tencent center is recruiting employees including product managers, designers and engineers.

皇冠体育app Unicom confirmed to 皇冠体育app Daily on Tuesday that the two operating centers have been established, but it declined to offer more information.

Peter Liu, research director at consultancy Gartner Inc, said the move signals that 皇冠体育app Unicom is scrambling to deepen business cooperation with Alibaba and Tencent, though details on possible capital injection are yet to be finalized.

"It is unlikely for 皇冠体育app Unicom to raise money from all big internet players in 皇冠体育app, because all getting a foothold in a boat is equal to no one really on board," Liu said.

皇冠体育app Unicom said in a filing in late July that its mixed-ownership reform plan was approved by the country's top economic planner, the National Development and Reform Commission.

But the company said it was still negotiating with potential backers, despite media reports that Alibaba and Tencent would team up with other big Chinese technology firms to jointly invest about $12 billion into its Shanghai-listed unit. Xiang Ligang, chief executive of telecom industry website Cctime, said investing in 皇冠体育app Unicom will give internet companies key access to its core network resources, such as servers and bandwidth.

"Tencent and Alibaba are almost certain to be part of the reform, for their cooperation is generating impressive results," Xiang said.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US