China Unicom s mixed ownership reform

Recently, China Unicom, one of the countrys three stateowned telecom carriers, unveiled its plan to introduce strategic investors to push forward mixedownership reform. Under the plan, Unicom is offering 35 percent of its Shanghailisted arm, China United Network Communications Ltd. , to more than a dozen state and private investors, including tech giants Alibaba Group, Tencent Holdings and Baidu, to raise 77. 9 billion yuan. Why is China Unicom launching the mixedownership reform What are the challenges