News on Tencent and China Unicom is causing a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory approval to set up a joint venture, according to a government announcement. Following the transaction, Tencent and China Unicom will respectively own 42% and 47% […]
Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm by Rita Liao originally published on TechCrunch...