China Unicom has declared a reform strategy involving private sectors, which entails a 9.03 billion RMB new A shares issuance with the price of 6.83 RMB per shares and a sale of 1.9 billion RMB old shares to 14 different companies such as China Life, BAT (Baidu, Alibaba, Tencent) and JD. After the transaction, The Unicom group will hold 36.67% of company shares, and the newly introduced strategic investor (including essential staff) will hold 35.19 %, consequently diversifies the ownership structure.