CHINA KNOWLEDGE

China Knowledge is in the business of providing business solutions and products on China. Within the Group it has financial terminal, publishing, newswires, research, multimedia production and a wide range of consulting services offer to foreign businesses seeking opportunities in China.
Macro · Business
China Mobile financed RMB 6.5 bln in foreign investment in 2018
CKN
2018/12/06 09:08:08
1,405
China's News, China's Financial News, China Mobile

Dec 06, 2018 (China Knowledge) - China Mobile investment company released the investment statistics of the year 2018, earlier today. According to the report, the direct investment scale was about RMB 1.5 billion, and Qingniu, UCloud, Xiaomi and other projects were completed; the investment fund contributed more than RMB 5 billion. The total amount of foreign investment this year was about RMB 6.5 billion.

It is understood that China Mobile's equity investment started early, with a direct investment of more than RMB 100 billion and a fund subscription of more than RMB 20 billion, which involved basic telecommunications services, new technologies, new media, financial technology and other fields at home and abroad. At the end of 2016, China Mobile set up an investment company, and through the "direct investment + fund” model, it comprehensively carried out equity investment.

As a centralized management platform for equity investment and capital operation in China Mobile, the investment company manages equity demand as a whole, operates and implements equity projects, and manages stock assets under trusteeship. The investment company is positioned as an industrial investor, focusing on the "Big Connection" strategy, expanding the boundaries of the main industry capacity, and supporting the transformation and development of China Mobile.

According to the plan, China Mobile investment company will focus on 5G, information security, cloud computing, AI and data, digital content and application, internationalization and other investment directions.

Copyright © 2018 www.chinaknowledge.com

Send feedback or comments to: info@chinaknowledge.com

For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com

To access our page on Bloomberg, type CKFI