China Stocks: China Unicom (CHU) (2000)

China Unicom (Hong Kong) Limited was founded in 2000 and is headquartered in Central, Hong Kong. It has 228,620 full-time employees. It is China United Network Communications Group Co., Ltd. (January 6, 2009, the original China United Communications Co., Ltd. reorganized and merged with the original China Network Communications Group Corporation, and the new company was renamed China United Network Communications Group Co., Ltd.)-a subsidiary of China United Network Communications Group Company Limited. It is a specialty of China’s integrated telecommunications business and value-added business. A large state-owned telecommunications operating company, with a national backbone communication network for the public.

China Unicom Limited Logo

China Unicom (CHU):

China Unicom’s telecommunications services have evolved from mobile phones (GSM) and wireless paging at the beginning of its establishment to the current mobile phones (including GSM and CDMA), long-distance calls, local calls, data communications (including Internet services and IP phones), Telecom value-added services, wireless paging and other services related to the main business.

Development history of China Unicom (compiled from Baidu Encyclopedia):

  • On May 23, 2008, China Unicom split the dual network, of which the CDMA network was merged into China Telecom. The split was officially started on October 1, 2008. The 133 and 153 segments were officially merged into China Telecom. China Unicom ceased its CDMA business. Keep the GSM network and China Netcom to form a new Unicom Group.
  • On October 1, 2008, the CDMA network was officially transferred to China Telecom.
  • On July 27, 2008, China Unicom Red Chip Company, China Unicom Operation Company and Telecom H Share Company signed the “Agreement on Transfer of CDMA Services.” Unicom Operation Company transferred the target business it owns and operated to Telecom H Share Company, and Unicom Operation Company transferred its 99.5% equity of Unicom Huasheng Communication Technology Co., Ltd. to Telecom H Share Company and China Unicom Red Chip Company and its The subsidiary company transferred 100% of the shares of China Unicom (Macau) Co., Ltd. to Telecom H Share Company and its subsidiary companies. The consideration for the sale of the CDMA business was RMB 43.8 billion. Simultaneously with the CDMA business sale transaction, China Unicom Group, China Unicom New Horizon and China Telecom Group signed the “Agreement on Transfer of CDMA Assets” on the same day, stipulating that China Unicom Group and China Unicom New Horizon will transfer relevant CDMA assets to Telecom Group. The consideration is RMB 66.2 billion.
  • On October 1, 2008, the CDMA network was officially transferred to China Telecom.
  • On October 15, 2008, China Netcom Red Chip Company and China Unicom Red Chip Company formally merged into China United Network Communications Co., Ltd. The Hong Kong listed company of China Unicom was also changed from “China Unicom Limited China Unicom Co., Ltd.” to “China Unicom ( Hong Kong) Limited China United Network Communications (Hong Kong) Co., Ltd.”.
  • On January 6, 2009, with the approval of the State Council, China United Communications Co., Ltd. and China Network Communications Corporation reorganized and merged. The new company name is China United Network Communications Group Co., Ltd., and the State-owned Assets Supervision and Administration Commission will perform its investor duties on behalf of the State Council.
  • On January 7, 2009, the Ministry of Industry and Information Technology issued three third-generation mobile communication (3G) licenses, which marked China’s official entry into the 3G era.
  • On September 28, 2009, China Unicom held a press conference for the official commercial use of Wo 3G services with the theme of “3G Wonderful, Wonderful in Wo”, announcing that it will simultaneously realize the official commercial use of Wo 3G services in 285 cities across the country from October 1st. .
  • On October 30, 2009, China Unicom and Apple jointly held the launch ceremony of the iPhone in Beijing “World Trade Center”.
  • In December 2009, 50 cities in 7 provinces (regions) of Guizhou, Yunnan, Ningxia, Xinjiang, Jiangxi, Gansu and Qinghai officially opened 3G services. So far, China Unicom has opened 3G networks in 335 large and medium-sized cities. Except for the 5 remote cities in Tibet, China Unicom’s 3G network basically covers cities above the prefecture and city level, major transportation routes, and tourist attractions above 4A level.
  • On June 21, 2010, China Unicom, China Telecom , China Mobile and Taiwan Chunghwa Telecom signed a memorandum of understanding for Xiamen (Gate) and Jin (Gate) submarine cables.
  • In July 2010, China Unicom significantly reduced its roaming tariffs for international and Taiwan-Hong Kong-Macao visits. China Unicom has opened voice roaming services with 398 operators in 220 countries or regions, and operated with 269 of them in 143 countries and regions. The company opened GPRS/WCDMA data roaming service.
  • In August 2010, China Unicom signed bilateral preferential roaming cooperation agreements with major operators in Japan, South Korea, Singapore, Malaysia, Hong Kong, Taiwan, Macau and other countries and regions. China Unicom has cooperated with 153 mobile operators in the Asia-Pacific region in roaming services, including 24 3G operators.
  • On September 20, 2010, China Unicom’s Singapore subsidiary officially opened. This is also China Unicom’s first operating company in Southeast Asia.
  • In November 2010, China Unicom “Wo Store” was released in Shanghai and put into use nationwide. As of the end of 2010, China Unicom had opened GPRS international roaming visit service with 333 operators in 170 countries and regions, and opened GPRS international roaming visit service with 294 operators in 155 countries and regions.
  • In 2012, in order to implement the “Broadband Speed-up Project” of the Ministry of Industry and Information Technology, China Unicom fully launched the FTTH project, accelerated the construction of broadband networks, and contributed to the implementation of the national broadband strategy, improving the Internet experience of the majority of Internet users, and promoting the integration of the three networks.
  • On December 4, 2013, the Ministry of Industry and Information Technology of China issued a fourth-generation mobile communication (4G) business license based on the TD-LTE standard to China Unicom.
  • On March 18, 2014, China Unicom announced that Wo 4G was officially commercialized.
  • On June 27, 2014, the Ministry of Industry and Information Technology approved China Telecom and China Unicom to carry out FDD-LTE and TD-LTE hybrid networking trials in 16 cities respectively. On August 28, the hybrid networking trial scope was expanded to 40 cities, and on December 18 Day has increased to 56 cities. Currently, there are more than 300 operators supporting FDD-LTE worldwide, while only 30 support TD-LTE.
  • FDD-LTE has become the 4G standard with the widest variety of terminals and the most widely adopted countries and regions in the world.

For more detailed information about China Unicom, please refer to: Baidu Encyclopedia

China Unicom (CHU) investment:

After 2013, no rating agency has made a rating or rating adjustment on China Unicom.

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