HONG KONG -- Tencent Holdings will set up a joint venture with state-owned telecom operator China Unicom amid anxieties over the future of the country's private tech sector under China's President Xi Jinping.
China tech
Tencent and state-owned China Unicom to set up joint venture
Deal announced amid anxiety over future of country's private tech sector
The joint venture aligns with Beijing's policy of establishing "mixed-ownership companies" between private and state-owned entities.
Read Next
Latest on China tech
