Unicom ends rally and declines 6.7%

Source: Xinhua | 2017-08-25

CHINA Unicom, which received a 78 billion yuan (US$11.5 billion) investment, fell 6.7 percent yesterday, ending a surge by the 10 percent daily cap in the previous two trading days.

China Unicom’s new strategic investors are Internet giants, industry leaders and special funds, including Baidu, Alibaba, Tencent and JD.com. They will take a 35.2 percent stake in China Unicom while state-owned China Unicom Group will hold 36.7 percent.

China Unicom declined 6.7 percent to finish at 8.36 yuan.