China Unicom, Kuang-Chi Sign Cooperation Agreements

China Unicom has signed business cooperation framework agreements with Kuang-Chi Technologies and KuangChi Science, subsidiaries of Kuang-Chi Group.

The agreement is an integral part of a series of cooperation framework agreements which Unicom signed with strategic investors in key industry verticals participating in its mixed-ownership reform, the Chinese operator said in a statement.

Under the agreement, Unicom will work closely with Kuang-Chi Technologies and KuangChi Science in areas such as military-civil integration, public security, smart cities and smart transportation. The companies will also cooperate to explore new opportunities in cloud computation, big data, internet of things (IoT), artificial intelligence (AI), digital content and payment finance.

Unicom announced its 77.9 billion yuan ($11.7 billion) ownership reform plan in August 2017, bringing in 14 new strategic investors including large internet companies, industrial groups and industry vertical companies and financial enterprises.  The operator has already signed framework agreements with internet and e-commerce giants Baidu, Alibaba, Tencent and Jingdong (owner of the JD.com brand).