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Chinese chipmaker Tsinghua Unigroup looking to sell stake in cloud infrastructure firm Unisplendour - report

Tuesday 13 July 2021 | 09:57 CET | News
Chinese chip manufacturer Tsinghua Unigroup is looking to sell almost half (46.45%) of its stake in Shenzhen-listed Unisplendour, a cloud computing infrastructure firm, in a deal that could bring the debt-saddled company up to USD 7.7 billion, Reuters reported. Interested parties include Alibaba Group, Wuxi Industry Development Group (owned by the government of the eastern Chinese city of Wuxi), Beijing Electronics (owned by the government of Beijing) and state-backed semiconductor investment fund JAC Capital, sources said.

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Categories: General
Companies: Alibaba
Countries: China
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