China Unicom’s investment landscape: In addition to tens of billions of funds of funds, there are five other funds to support

“Today I am going to announce the status of China Unicom.” Zhang Fan, general manager of China Unicom Venture Capital, joked at today’s China Unicom Ecological Cooperation Conference.

At the meeting, China Unicom announced the three ecological strategies of smart home, big video, and pan-smart terminals in the 5G era. To build and prosper these three ecosystems, China Unicom’s capital capability is one of the important supports.

In fact, in September this year, Zhang Fan announced that China Unicom had set up a 5G innovation fund of funds of 10 billion yuan for the first phase of equity investment, capital investment and even mergers and acquisitions. He introduced today that the fund of funds is mainly based on Unicom’s own funds, and moderately introduces social capital such as local governments, state-owned enterprises in specific large-scale industries, and industry-leading private enterprises.

This first phase of 10 billion yuan of 5G innovation fund of funds, of which 1 billion yuan is used for early-stage entrepreneurial projects; 4 billion yuan is used for medium and large-scale projects; 5 billion yuan is used for foreign strategic cooperation.

In addition to this fund of funds, Zhang Fan also announced China Unicom’s capital “funds” one by one. China Unicom also has 5 investment funds, including:

Unicom Innovation (Chengdu), managed product 1 “Unicom Innovation” has a scale of 600 million yuan, Unicom Venture Capital invested 50 million yuan, and social funds raised 550 million yuan. It has been in operation for 2 years. Management product 2 “Komsomolsk Unicom New Industry” scale of 40 million yuan;

Unicom CICC (Shenzhen) has a scale of 2.4 billion yuan, Unicom Capital contributed 550 million yuan, and social fundraising was 1.85 billion yuan. The fund is in the process of the first 50% payment by all partners;

Unicom Kaixing (Guangzhou Internet of Things), with a total scale of 10 billion yuan, the first phase of 3 billion yuan, is currently raising funds;

Unicom Xinwo (Shanghai), angel + VC fund, scale of 100 million yuan, 2 years of operation, completed investment of 49 million yuan;

Unicom Heart Contract (Guizhou), an angel + VC fund, with a scale of 200 million yuan, is currently being raised.

Zhang Fan said that these foundations are organized around three themes: forming an independent core competency system, improving China Unicom’s development industry ecology, and helping enterprises to innovate, transform and upgrade. The scope of equity investment projects includes: Unicom’s internal 5G new R&D project incubation, financing projects for strategic cooperative companies, mixed reform projects for technology subsidiaries of state-owned enterprises in key industries, and mergers and acquisitions related to development strategies.

“Today I am going to announce the status of China Unicom.” Zhang Fan, general manager of China Unicom Venture Capital, joked at today’s China Unicom Ecological Cooperation Conference.

At the meeting, China Unicom announced the three ecological strategies of smart home, big video, and pan-smart terminals in the 5G era. To build and prosper these three ecosystems, China Unicom’s capital capability is one of the important supports.

In fact, in September this year, Zhang Fan announced that China Unicom had set up a 5G innovation fund of funds of 10 billion yuan for the first phase of equity investment, capital investment and even mergers and acquisitions. He introduced today that the fund of funds is mainly based on Unicom’s own funds, and moderately introduces social capital such as local governments, state-owned enterprises in specific large-scale industries, and industry-leading private enterprises.

This first phase of 10 billion yuan of 5G innovation fund of funds, of which 1 billion yuan is used for early-stage entrepreneurial projects; 4 billion yuan is used for medium and large-scale projects; 5 billion yuan is used for foreign strategic cooperation.

In addition to this fund of funds, Zhang Fan also announced China Unicom’s capital “funds” one by one. China Unicom also has 5 investment funds, including:

Unicom Innovation (Chengdu), managed product 1 “Unicom Innovation” has a scale of 600 million yuan, Unicom Venture Capital invested 50 million yuan, and social funds raised 550 million yuan. It has been in operation for 2 years. Management product 2 “Komsomolsk Unicom New Industry” scale of 40 million yuan;

Unicom CICC (Shenzhen) has a scale of 2.4 billion yuan, Unicom Capital contributed 550 million yuan, and social fundraising was 1.85 billion yuan. The fund is in the process of the first 50% payment by all partners;

Unicom Kaixing (Guangzhou Internet of Things), with a total scale of 10 billion yuan, the first phase of 3 billion yuan, is currently raising funds;

Unicom Xinwo (Shanghai), angel + VC fund, scale of 100 million yuan, 2 years of operation, completed investment of 49 million yuan;

Unicom Heart Contract (Guizhou), an angel + VC fund, with a scale of 200 million yuan, is currently being raised.

Zhang Fan said that these foundations are organized around three themes: forming an independent core competency system, improving China Unicom’s development industry ecology, and helping enterprises to innovate, transform and upgrade. The scope of equity investment projects includes: Unicom’s internal 5G new R&D project incubation, financing projects for strategic cooperative companies, mixed reform projects for technology subsidiaries of state-owned enterprises in key industries, and mergers and acquisitions related to development strategies.

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Author: Yoyokuo