In recent media reports, Alibaba signed a strategic cooperation agreement with China Telecom on Wednesday (November 2) to carry out cooperation in the fields of platform -shaped smart cities and digital governments.The report is completely false news.

According to the China Securities Journal · Solitaire Campus client, the official news of China Telecom Group, as early as May 2017, based on a good business cooperation foundation and rich experience and resources in their respective fields, China TelecomThe Group signed a comprehensive strategic cooperation agreement with Alibaba in Beijing.According to the agreement, the two parties will carry out extensive and in -depth cooperation in e -commerce, basic networks and security, marketing services, cloud computing, payment, rural channels, terminals and Internet of Things, and enterprise procurement services.

Reporting pointed out that it is a long -standing and normal thing for telecommunications operators and Internet companies, but it has been overly interpreted recently.On November 2nd, the news of "China Unicom and Tencent's New Enterprises" was "enlarged" by some media involving mixed reforms, which caused the daily limit of the stock price of China Unicom A shares on the day.

The State Administration of Market Supervision of China released news on the same day. China Unicom Innovation and Entrepreneurship Investment Co., Ltd. and Shenzhen Tencent Industrial Venture Capital Co., Ltd. were approved unconditionally.

China Unicom issued an announcement that night, saying that the establishment of the company's subsidiaries Unicom Investment plans to set up a new joint venture with Tencent Venture Capital is being promoted, and the establishment of registration has not yet been completed.In the long run, it is conducive to amplifying the advantages of both parties.