Shulou(Shulou.com)11/24 Report--

Thank CTOnews.com netizens Dream Kaka for the clue delivery! CTOnews.com April 27 news, last year, the second Department of Anti-monopoly Law Enforcement of the State Administration of Market Supervision and Administration unconditionally approved the establishment of a new joint venture between Unicom Innovation Venture Capital Co., Ltd. (hereinafter referred to as: Unicom Venture Capital) and Shenzhen Tencent Industrial Venture Capital Co., Ltd. (hereinafter referred to as: Tencent Industrial Capital). The approval time is October 18, 2022.

Existing CTOnews.com netizens found that Yunzhou Times Technology Co., Ltd. was officially established on April 26, 2023, with Ma Yuerui as its legal representative, with a registered capital of 300 million yuan, and its business scope includes Internet data services, artificial intelligence public data platform, quantum computing technology services, cloud-based outsourcing services, and so on.

According to shareholder information, the company is jointly owned by Unicom Innovation Venture Capital Co., Ltd., Shenzhen Tencent Industrial Venture Capital Co., Ltd., and Tianjin SDH Technology Partnership (Limited Partnership). Among them, Unicom Venture Capital and Tencent Industry Capital hold shares of 48 per cent (144 million yuan) and 42 per cent (126 million yuan) respectively, while Mini Tihang Technology only paid 30 million yuan.

In the third quarter of last year, Tencent responded to questions about the establishment of a joint venture with Unicom after announcing its results. "We do have a joint venture with China Unicom, which is important to explore content delivery network (CDN) and edge computing capabilities, as well as to do more development and serve more customers," its executives said.

The executive added, "the business plans of both sides are still being worked on and the benefits are limited in the short term, but the establishment of a joint venture is a milestone that will make the resources and technology of both sides better applied. At the same time, no matter which company we work with, we are more concerned about what advantages the joint venture can bring."

China Unicom said that based on the strategic needs of the company to fully advance into the digital economy, its subsidiary Unicom Venture Capital plans to set up a new joint venture with Tencent Venture Capital, which is mainly engaged in content distribution network (CDN) and edge computing business, based on independent research and development, to form a complete CDN / MEC platform capability, operation capability and product innovation capability. The above-mentioned application for approval of operator concentration was announced on the website of the State Administration of Market Supervision and Administration on October 27, 2022. The establishment of the joint venture is in the process of being promoted, and the establishment registration has not yet been completed, which has no significant impact on the current production and operation of the company. in the long run, it will help to enlarge the advantages of both sides and strengthen the CDN and marginal computing industry chain.

Related readings:

"the State Administration of Market Supervision approves the establishment of a new mixed reform company between China Unicom and Tencent."

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