Tencent, China Unicom gain nod to set up 'mixed ownership' company

Tencent, China Unicom gain nod to set up 'mixed ownership' company

Tencent Holding Ltd

Chinese tech giant Tencent Holdings and state-owned telecommunications firm China Unicom have received regulatory approval to set up a so-called “mixed ownership” company, a public document showed on Wednesday.

China has been accelerating its push for mixed-ownership reforms in an effort to boost the competitiveness of state firms.

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