China United Network Communications Group Co., Ltd. (“China Unicom”) was officially established on January 6, 2009 on the basis of the merger of former China Netcom and former China Unicom. It has subsidiaries in 31 provinces (autonomous regions and municipalities) across China and many countries and regions around the world. It owns a modern communication network with nationwide coverage and global reach and operates a wide range of services, including fixed communication services, mobile communication services, domestic and international communication facilities services, data communication services, network access services, telecom value-added services, and system integration related to information and communication services.
China Unicom is the only Chinese telecom operator listed on the stock exchanges of New York, Hong Kong, and Shanghai and the only central State-owned enterprise（SOE） to adopt group-wide mixed-ownership reform among all pilot-run central SOEs. It ranked at No. 262 in Fortune 500 in 2019. As a basic communications enterprise supporting the party, government and military systems, various trades and industries, and the people, China Unicom has the basic, pillar, strategic, and leading functions, statuses and roles in the national economy and has the characteristics and attributes of technology-intensiveness, end-to-end services, nationwide network, economy of scale, and serving economy, society and people's livelihood.
In recent years, China Unicom has insisted on taking political building as the overarching principle and resolutely implemented all major policies and plans of the CPC Central Committee. Centering on the goal of completing the building of a moderately prosperous society in all respects, we have been following the general principle of pursuing progress while ensuring stability and insisted on applying the new development philosophy and pursuing high-quality development. With the “Be a Creator of Smart Living Trusted by Customers” as the vision and with “Connecting the World and Create a Beautiful and Smart Life” as the mission, we will deepen the implementation of the strategy of “Focus, Innovation and Cooperation”, and further promote China Unicom’s “Five New” establishment featuring New Governance, New DNA, New Operation, New Energy and New Ecosystem.
China Unicom has resolutely implemented the national strategic plans on building a strong cyber power and strives to be the "main force" for building a strong cyber power. With 5G as the leading direction, the Company has made vigorous efforts to accelerate the development of 5G, implement the “co-build co-share” of 5G networks, speed up the structural reform on the supply side of the network, and promote the upgrade of information infrastructure with innovative ideas and models. The Company released the 5G brand logo “5Gⁿ” and put forward the theme slogan - “Let the Future Grow” to promote the popularization of 5G business, drive the growth of the 5G industry chain, and build a leading 5G brand. The Company is fully committed to creating a new cloud-network-integrated ecosystem, promoting the optimization and evolution of network resources, and improving network competitiveness.
China Unicom, as a "forerunner" in the mixed reform of central SOEs, pioneered a new mixed-ownership reform model featuring "diversification of state-owned equity + diversification of private equity " and implemented a new capital-business-integrated model featuring "basic telecommunications operator + leading Internet companies" in the telecommunications area. The Company established a diversified Board of Directors and the Supervisory Committee and implemented the largest employee restricted stock ownership incentive plan among the central SOEs. The exemplary role of China Unicom in the mixed-ownership reform of SOEs was fully demonstrated. At the same time, the Company accelerated the establishment and improvement of a new mechanism to stimulate the vitality of micro-subjects, and embarked on a transformation journey towards Internet-based operations.
China Unicom has firmly shouldered the social responsibility of a central SOE and strives to be a "new engine" for empowering social and economic transformation. The Company has fully leveraged the advantages of big data and communication network technology, and strives to promote the development of digital economy and the upgrade of information consumption, assist the shift from old growth drivers to new growth drivers, enhance users’ satisfaction with and sense of attainment from information and communication services, and enable the whole society to further enjoy new benefits brought by the information and communication development.