China Unicom Soars On Rumors Of Alibaba, Baidu, Tencent Buying Stakes

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China Unicom (762.Hong Kong/CHU) soared 7% in Hong Kong this morning after local media reported that the telecom operator will invite China’s largest Internet companies Alibaba Group (BABA), Baidu (BIDU) and Tencent (TCEHY) as shareholders. Last month …
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