China Unicom
· Introduction
China United Network Communications Group Co., Ltd. (Chinese: 中国联合网络通信集团有限公司) or China Unicom (Chinese: 中国联通) (CUniq in short) can be a Chinese state-owned telecommunications operator of China. China Unicom is that the world's fourth-largest mobile service supplier by subscriber base.
Started as a wireless paging and GSM mobile operator, it presently provides a large vary of services as well as nationwide GSM mobile network, long-distance, local calling, data communication, Internet services, and IP telephone in PRC,[citation needed] and has operated a CDMA network in Macau since Oct eighteen, 2006. As of the end of April 2008, the company had 125 million GSM subscribers and forty three million CDMA subscribers. As of Nov 2008 the CDMA operations are moved to China mediummunications Corporation (China Telecom Group). On 7 January 2009, China Unicom was awarded WCDMA license to expand its business to 3G telecommunication. UMTS (Universal Mobile Telecommunications System) was launched in major cities across China on could seventeen, 2009.[citation needed]
China Unicom (known as Chinese: 中国联合通信有限公司 at that time) was based mostly as a state-owned enterprise on eighteen June 1994 by the Ministry of Railways, the Ministry of industry [zh] and the Ministry of electrical Power trade [zh]; the institution was approved by the State Council in Dec 1993.
IPOs
In Feb 2000 a subsidiary "China Unicom (Hong Kong) Limited" was incorporated in city and was listed on the port stock market on June twenty two, 2000.They are AN MVNO running on Three's 2G network. They are the sole supplier to sell SIM cards that give native phone numbers on either side of the border (charging slightly higher rates than native whereas within the mainland, but cheaper than roaming with another provider—in some cases even cheaper than a SIM from another Chinese province if obtaining used among the Shenzhen–Guangzhou area).[citation needed]
The intermediate parent company "China Unicom (Hong Kong) Limited" was "China Unicom (BVI) Limited", As of thirty one Dec 2001, the BVI company in hand seventy seven.47% shares of China Unicom (H.K.). In turn, China Unicom (H.K.) in hand the operative subsidiaries of the cluster. In 2002, another intermediate parent company "China United Network Communications Limited" was established in Shanghai (headquartered in Beijing), to possess fifty one stake of "China Unicom (BVI) Limited" also as listing the shares within the Shanghai exchange. As of thirty one Dec 2002, state-owned China Unicom cluster owned seventy four.6% shares of the A share company,:8 successively the A share company in hand seventy three.84% of the BVI company.:23 The BVI company in hand seventy seven.47% shares of the red chip company. To total up, the Chinese Government via A share company, owned 42.67% stake of the operative subsidiaries, yet as extra twenty.27% stake by the minority stake within the BVI company.
· Merger with China Netcom
On June 2, 2008, China Unicom declared its intention to sell its CDMA business and assets to China mediummunications Corporation (China medium Group) for a combined total of 100 and 10 billion RMB and to merge the rest of the corporate,[non-primary source needed] in a share swap valued at USD $56.3 billion (based on Unicom's stock last traded price) on June 2, 2008, with China Netcom. The CDMA business was formally moved to China medium in early Nov. It additionally continues the previous China Netcom's and also the former China Telecom's PHS itinerant businesses.[citation needed]
In July 2009, China Unicom signed a $700 million affect infrastructure seller Ericsson to upgrade the company's GSM network.[citation needed]
In April 2012, China Unicom was a start member within the formation of Cloud Computing business Alliance in Peking. Other members of the alliance embrace Baidu, Tencent, and Alibaba.
· Mixed-ownership reform of state-owned enterprise
In 2017 China Unicom became one among the test of the mixed-ownership reform of the state-owned enterprise of China, that saw the decrease in possession of the govt..
In 2017 the A share listed company of the cluster introduced ten strategic investors: socialist China Structural Reform Fund [zh], socialist listed company China insurance, a private equity fund (Chinese: 腾讯信达有限合伙企业; literally: 'Tencent–Cinda restricted Partnership') that was in hand by China Cinda plus Management and a corporation associated with Tencent,[nb 5] a private equity fund partially owned by Baidu[nb 6] and Industrial Bank (Chinese: 百度鹏寰投资合伙企业), a private equity fund that related to JD.com (Chinese: 京东三弘企业管理中心; literally: 'Jingdong Sanhong'),[nb 7] a public company Ali Venture Capital (Chinese: 阿里创业投资),[nb 8] a public company Suning Commerce cluster and 3 minor personal equity funds that was signed by firms like Kuang-Chi and CRRC cluster.
In the same year, the fund raised by the A share company was injected to the city incorporated red chip company, via "China Unicom (BVI) Limited", for HK$13.24 per share (for a maximum of 6.64 billion share / HK$88 billion).
· Establishment of China Unicom Global Limited
China Unicom world restricted could be a all in hand subsidiary of China United Network Communication cluster Company restricted. It was established on twenty four June 2015, with its headquarter in Hong Kong. China Unicom world is aimed to deliver direct and dedicate native support to customers outside China, as well as Asia Pacific, Americas, Europe, South Africa and the Middle East.[citation needed]
On two Dec 2016, China Unicom Global Limited launched the “CUniq” overseas mobile virtual network operator (“MVNO”) service in London, UK and unveiled the one-card-multiple-number service.
The "CUniq" one-card-multiple-number service provides a SIM card which works in Mainland China, Hong Kong (China) and the UK. The service may be extended to other areas.
· Stock
The China Unicom cluster had a special cluster structure to list its share. The cluster had a subsidiary China United Network Communications restricted (Chinese: 中国联合网络通信股份有限公司) that its A shares were listed within the Shanghai exchange (SSE: 600050), whereas AN indirect subsidiary of the A share listed company, Hong Kong incorporated China Unicom (Hong Kong) Limited (Chinese: 中国联合网络通信（香港）股份有限公司) listed its shares in Stock Exchange of Hong Kong as a red chip company (SEHK: 762) and within the big apple exchange as yank facility share (NYSE: CHU).
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