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Macro · Business
China Mobile financed RMB 6.5 bln in foreign investment in 2018
2018/12/06 09:08:08
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.

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