ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

China to create 'IT aircraft carrier' through tech megamerger

State-owned military suppliers CETC and Potevio prepare for US sanctions

A CETC booth at an expo in China: The state-owned company logged revenue of $35.3 billion in 2019. (Photo courtesy of China Electronic Technology Group Corp.)

BEIJING -- China Electronics Technology Group looks to absorb a fellow state-owned enterprise and create what would be the country's third-largest information technology company, with annual revenue topping $50 billion.

The target is China Putian Information Industry Group, better known as Potevio. Both China Electronics (CETC) and Potevio are among China's so-called central companies -- a set of fewer than 100 enterprises directly controlled by the central government -- and suppliers to the military.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more