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Reuters
Tencent, China Unicom get approval for joint venture
HONG KONG (Reuters) -Tencent Holdings and state-owned telecommunications company China Unicom have received regulatory approval to set up a joint-venture company, a public document showed on Wednesday. The State Administration for Market Regulation approved the application, based on a list it published on its website. The regulator first disclosed details of the as yet unnamed company in September, when it published a document describing it as an entity focused three areas: internet data centres, content delivery networks and edge computing, which is the use of augmented reality and machine learning to analyse bulk data.
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