China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal_老虎社区_美港股上老虎

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China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal

Reuters2021-12-11

(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday. The...

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1,273

Hangmau
·2021-12-17
[smile]
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PearlynCSY
·2021-12-13
China is many years behind US, Japan, South Korea andTaiwan in the design and development, and manufacturing of high end semiconductors. Hope this new development will help to scale up her capabilities
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1
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BBBBBBBBBB
·2021-12-13
Ok
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koolgal
·2021-12-12
Alibaba lost out the deal due to privacy issues but now it is in JAC's hands. Uni group should do well as there is still a worldwide shortage of semiconductor chips.
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20
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TripleWin
·2021-12-12
[Like]
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4
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- DingDang:
  Ok
  2021-12-12
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- TripleWin:
  [Like]
  2021-12-12
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TradeMore
·2021-12-12
Ok
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2
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tanks09
·2021-12-12
Means Alibaba will drop further ?
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3
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- TimTamPrata:
  Huat
  2021-12-20
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- TimTamPrata:
  Huat
  2021-12-19
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- TimTamPrata:
  Huat
  2021-12-18
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查看更多 2 条评论
Jazim
·2021-12-12
Noted
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2
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Yuyu1988
·2021-12-12
Good Read
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9
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- Chris82:
  Liked
  2021-12-12
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- sunnylimbs:
  sure
  2021-12-12
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Ezumu
·2021-12-12
Xuuddhd
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4
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3d468733
·2021-12-12
Ok
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7
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- Ezumu:
  hxhdbbdd
  2021-12-12
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- Caribou:
  [Salute]
  2021-12-12
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1000010101O
·2021-12-12
[Smile]
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5
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noob80
·2021-12-12
Gd info
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1
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Joker29
·2021-12-12
Thanks
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6
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- 1000010101O:
  [Smile]
  2021-12-12
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Desmond669
·2021-12-12
Avoid
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4
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- DannyPhan:
  Ya, China stock dangerous
  2021-12-12
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- eda:
  ok
  2021-12-12
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Gibbie
·2021-12-12
Baba
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6
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- Baoxiaolong:
  ded
  2021-12-12
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yaozong7
·2021-12-12
let's go baba!
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5
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StickyRice
·2021-12-12
Like please thanks
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9
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- JeremyKok:
  hi. please help like and comment back. thank you.
  2021-12-12
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- Thengz:
  Ok
  2021-12-12
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Slee49
·2021-12-12
Good read
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6
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- noob80:
  like
  2021-12-12
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- Slee49:
  Like
  2021-12-12
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Tonica
·2021-12-12
Chip is shortage. Good
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4531","symbol_name":"中概回港概念","start_time":0,"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","article_id":"2190275356","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","pubTimestamp":1639186995,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4538":"云计算","BK4527":"明星科技股","BK4526":"热门中概股","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4548":"巴美列捷福持仓","BK4565":"NFT概念","BABA":"阿里巴巴","09988":"阿里巴巴-SW","BK4554":"元宇宙及AR概念"},"translate_title":"中国芯片企业优信获得国家支持的投资者，阿里巴巴-SW退出交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QNETCN":0.9,"09988":0.9,"BABA":0.9},"content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":690461832,"gmtCreate":1639702352972,"gmtModify":1639702352972,"author":{"id":"4101169417258630","authorId":"4101169417258630","name":"Hangmau","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690461832","repostId":2190275356,"repostType":2,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":604375644,"gmtCreate":1639355833299,"gmtModify":1639355833908,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"China is many years behind US, Japan, South Korea andTaiwan in the design and development, and manufacturing of high end semiconductors. Hope this new development will help to scale up her capabilities","listText":"China is many years behind US, Japan, South Korea andTaiwan in the design and development, and manufacturing of high end semiconductors. Hope this new development will help to scale up her capabilities","text":"China is many years behind US, Japan, South Korea andTaiwan in the design and development, and manufacturing of high end semiconductors. Hope this new development will help to scale up her capabilities","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604375644","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":604303513,"gmtCreate":1639324829976,"gmtModify":1639324829976,"author":{"id":"3581562365927542","authorId":"3581562365927542","name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604303513","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":604910522,"gmtCreate":1639304421204,"gmtModify":1639312908167,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Alibaba lost out the deal due to privacy issues but now it is in JAC's hands.&nbsp; Uni group should do well as there is still a worldwide shortage of semiconductor chips.&nbsp;","listText":"Alibaba lost out the deal due to privacy issues but now it is in JAC's hands.&nbsp; Uni group should do well as there is still a worldwide shortage of semiconductor chips.&nbsp;","text":"Alibaba lost out the deal due to privacy issues but now it is in JAC's hands. Uni group should do well as there is still a worldwide shortage of semiconductor chips.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":20,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604910522","repostId":2190275356,"repostType":2,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":604055174,"gmtCreate":1639288039814,"gmtModify":1639288040061,"author":{"id":"3577489740102994","authorId":"3577489740102994","name":"TripleWin","avatar":"https://static.tigerbbs.com/36f6d7690fd546416bd6f74b156c218f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604055174","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6952160,"gmtCreate":1639315916053,"gmtModify":1639315916195,"authorId":3553254172092293,"author":{"id":3553254172092293,"authorId":3553254172092293,"name":"DingDang","avatar":"https://static.tigerbbs.com/d2a0c38ce6f3c2661fa15b7d1f52eeaf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604055174,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6948973,"gmtCreate":1639288061170,"gmtModify":1639288061207,"authorId":3577489740102994,"author":{"id":3577489740102994,"authorId":3577489740102994,"name":"TripleWin","avatar":"https://static.tigerbbs.com/36f6d7690fd546416bd6f74b156c218f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604055174,"type":1,"supId":0,"prevId":0,"content":"[Like]","text":"[Like]","html":"[Like]"}],"langContent":"CN"},{"id":604019036,"gmtCreate":1639279038427,"gmtModify":1639279038637,"author":{"id":"4097720712211120","authorId":"4097720712211120","name":"TradeMore","avatar":"https://static.tigerbbs.com/976c10f5e71e9a3b002205015f764d44","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604019036","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":604031944,"gmtCreate":1639277902603,"gmtModify":1639277902823,"author":{"id":"3581816252667558","authorId":"3581816252667558","name":"tanks09","avatar":"https://static.tigerbbs.com/0d3a860d19cbe659e537ab4dcbdc7d1d","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Means Alibaba will drop further ?&nbsp;","listText":"Means Alibaba will drop further ?&nbsp;","text":"Means Alibaba will drop further ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/604031944","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7050953,"gmtCreate":1639969611573,"gmtModify":1639969611607,"authorId":3581478820646520,"author":{"id":3581478820646520,"authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604031944,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"},{"id":7041776,"gmtCreate":1639888314728,"gmtModify":1639888314762,"authorId":3581478820646520,"author":{"id":3581478820646520,"authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604031944,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"},{"id":7035152,"gmtCreate":1639830784206,"gmtModify":1639830784239,"authorId":3581478820646520,"author":{"id":3581478820646520,"authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604031944,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"},{"id":7013506,"gmtCreate":1639694708427,"gmtModify":1639694708524,"authorId":3581478820646520,"author":{"id":3581478820646520,"authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604031944,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"},{"id":6993372,"gmtCreate":1639580782989,"gmtModify":1639580783022,"authorId":3581478820646520,"author":{"id":3581478820646520,"authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604031944,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"}],"langContent":"CN"},{"id":604096099,"gmtCreate":1639276496339,"gmtModify":1639276496620,"author":{"id":"4091925166419540","authorId":"4091925166419540","name":"Jazim","avatar":"https://static.tigerbbs.com/85de7ecb80758afc3288fc8bb7e5ef27","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604096099","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":604003732,"gmtCreate":1639274715523,"gmtModify":1639274716458,"author":{"id":"3579600897400043","authorId":"3579600897400043","name":"Yuyu1988","avatar":"https://static.tigerbbs.com/34360b9887bbf562af82f13ffcd1affb","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good Read&nbsp;","listText":"Good Read&nbsp;","text":"Good Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604003732","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6951626,"gmtCreate":1639311436371,"gmtModify":1639311436483,"authorId":3586564542180561,"author":{"id":3586564542180561,"authorId":3586564542180561,"name":"Chris82","avatar":"https://static.tigerbbs.com/bd197088a3b1cbc3c139d97a5851a381","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604003732,"type":1,"supId":0,"prevId":0,"content":"<u>Liked</u>","text":"<u>Liked</u>","html":"<u>Liked</u>"},{"id":6946248,"gmtCreate":1639274939115,"gmtModify":1639274939147,"authorId":3581734197173658,"author":{"id":3581734197173658,"authorId":3581734197173658,"name":"sunnylimbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604003732,"type":1,"supId":0,"prevId":0,"content":"<u>sure</u>","text":"<u>sure</u>","html":"<u>sure</u>"}],"langContent":"CN"},{"id":605775586,"gmtCreate":1639273932541,"gmtModify":1639274409637,"author":{"id":"3570054700580513","authorId":"3570054700580513","name":"Ezumu","avatar":"https://static.tigerbbs.com/376f19a6fd4e4be2d9304e4751c4eca8","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Xuuddhd","listText":"Xuuddhd","text":"Xuuddhd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605775586","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605770690,"gmtCreate":1639272766709,"gmtModify":1639272766929,"author":{"id":"3581837992294791","authorId":"3581837992294791","name":"3d468733","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605770690","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6945910,"gmtCreate":1639273926879,"gmtModify":1639273926967,"authorId":3570054700580513,"author":{"id":3570054700580513,"authorId":3570054700580513,"name":"Ezumu","avatar":"https://static.tigerbbs.com/376f19a6fd4e4be2d9304e4751c4eca8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605770690,"type":1,"supId":0,"prevId":0,"content":"hxhdbbdd","text":"hxhdbbdd","html":"hxhdbbdd"},{"id":6945457,"gmtCreate":1639272938831,"gmtModify":1639272938869,"authorId":4090994731106030,"author":{"id":4090994731106030,"authorId":4090994731106030,"name":"Caribou","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605770690,"type":1,"supId":0,"prevId":0,"content":"[Salute]","text":"[Salute]","html":"[Salute]"}],"langContent":"CN"},{"id":605740835,"gmtCreate":1639271398112,"gmtModify":1639271398241,"author":{"id":"3581326346667529","authorId":"3581326346667529","name":"1000010101O","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605740835","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605754218,"gmtCreate":1639271162847,"gmtModify":1639282652364,"author":{"id":"4098683065538270","authorId":"4098683065538270","name":"noob80","avatar":"https://static.tigerbbs.com/b0612fb30d73184ddc36b7991090ce2d","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Gd info","listText":"Gd info","text":"Gd info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605754218","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605754673,"gmtCreate":1639271155697,"gmtModify":1639271155887,"author":{"id":"3559394255429643","authorId":"3559394255429643","name":"Joker29","avatar":"https://static.tigerbbs.com/2252dcce9479280592bde6bd29150cdc","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605754673","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6945084,"gmtCreate":1639271394433,"gmtModify":1639271394540,"authorId":3581326346667529,"author":{"id":3581326346667529,"authorId":3581326346667529,"name":"1000010101O","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605754673,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"}],"langContent":"CN"},{"id":605752519,"gmtCreate":1639270892347,"gmtModify":1639270892749,"author":{"id":"3562118563279867","authorId":"3562118563279867","name":"Desmond669","avatar":"https://static.tigerbbs.com/e2484115c94d3471cb46f20ea7598b4a","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Avoid","listText":"Avoid","text":"Avoid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605752519","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6945069,"gmtCreate":1639271352195,"gmtModify":1639271352281,"authorId":3579724486389386,"author":{"id":3579724486389386,"authorId":3579724486389386,"name":"DannyPhan","avatar":"https://static.tigerbbs.com/8241cecd85e391f36a47705d16eb854d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605752519,"type":1,"supId":0,"prevId":0,"content":"Ya, China stock dangerous","text":"Ya, China stock dangerous","html":"Ya, China stock dangerous"},{"id":6945012,"gmtCreate":1639271225911,"gmtModify":1639271226010,"authorId":3569214676869217,"author":{"id":3569214676869217,"authorId":3569214676869217,"name":"eda","avatar":"https://static.tigerbbs.com/909b8dea6c74db6f7d3a6a65052e290a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605752519,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":605752062,"gmtCreate":1639270834367,"gmtModify":1639270835226,"author":{"id":"3564398446314499","authorId":"3564398446314499","name":"Gibbie","avatar":"https://static.tigerbbs.com/ac29ad2a0a11289a908ae00b770dc0c5","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Baba","listText":"Baba","text":"Baba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605752062","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6946330,"gmtCreate":1639275251139,"gmtModify":1639275251240,"authorId":3581896632900578,"author":{"id":3581896632900578,"authorId":3581896632900578,"name":"Baoxiaolong","avatar":"https://static.tigerbbs.com/3807f63227b4128c0ee5f1811f39e3eb","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605752062,"type":1,"supId":0,"prevId":0,"content":"<u>ded</u>","text":"<u>ded</u>","html":"<u>ded</u>"}],"langContent":"CN"},{"id":605756292,"gmtCreate":1639270802207,"gmtModify":1639270802663,"author":{"id":"3553658931361428","authorId":"3553658931361428","name":"yaozong7","avatar":"https://static.tigerbbs.com/88fc9c879e501ca8f075b6c216c38984","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"let's go baba!&nbsp;","listText":"let's go baba!&nbsp;","text":"let's go baba!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605756292","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605724709,"gmtCreate":1639269434198,"gmtModify":1639269434589,"author":{"id":"3586127272341946","authorId":"3586127272341946","name":"StickyRice","avatar":"https://static.tigerbbs.com/fefcefff3102cbeb8f10446360e6fcf3","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Like please thanks&nbsp;","listText":"Like please thanks&nbsp;","text":"Like please thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605724709","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6946110,"gmtCreate":1639274516654,"gmtModify":1639274516687,"authorId":3567307840510045,"author":{"id":3567307840510045,"authorId":3567307840510045,"name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605724709,"type":1,"supId":0,"prevId":0,"content":"hi. please help like and comment back. thank you.","text":"hi. please help like and comment back. thank you.","html":"hi. please help like and comment back. thank you."},{"id":6944742,"gmtCreate":1639270050071,"gmtModify":1639270050108,"authorId":3579207760920564,"author":{"id":3579207760920564,"authorId":3579207760920564,"name":"Thengz","avatar":"https://static.tigerbbs.com/eb87a2ba614bf594d49c299bab92466e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605724709,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":605724225,"gmtCreate":1639269402365,"gmtModify":1639269403030,"author":{"id":"3581993357014262","authorId":"3581993357014262","name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605724225","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6944953,"gmtCreate":1639271078652,"gmtModify":1639271078753,"authorId":4098683065538270,"author":{"id":4098683065538270,"authorId":4098683065538270,"name":"noob80","avatar":"https://static.tigerbbs.com/b0612fb30d73184ddc36b7991090ce2d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605724225,"type":1,"supId":6944634,"prevId":0,"content":"like","text":"like","html":"like"},{"id":6944634,"gmtCreate":1639269416770,"gmtModify":1639269416841,"authorId":3581993357014262,"author":{"id":3581993357014262,"authorId":3581993357014262,"name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605724225,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>"}],"langContent":"CN"},{"id":605728601,"gmtCreate":1639268522821,"gmtModify":1639268523048,"author":{"id":"4093583449913140","authorId":"4093583449913140","name":"Tonica","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Chip is shortage. Good","listText":"Chip is shortage. Good","text":"Chip is shortage. Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605728601","repostId":2190275356,"repostType":4,"repost":{"id":"2190275356","pubTimestamp":1639186995,"share":"https://www.laohu8.com/m/news/2190275356?lang=&edition=full","pubTime":"2021-12-11 09:43","market":"us","language":"en","title":"China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2190275356","media":"Reuters","summary":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become ","content":"<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.</p>\n<p>The deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.</p>\n<p>It is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.</p>\n<p>The size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.</p>\n<p>Tsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.</p>\n<p>Under Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.</p>\n<p>Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.</p>\n<p>In July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the main revenue generating units under the Unigroup umbrella.</p>\n<p>Unigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.</p>\n<p>DATA TROUBLE</p>\n<p>JAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.</p>\n<p>According to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.</p>\n<p>A company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.</p>\n<p>However, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.</p>\n<p>Alibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.</p>\n<p>\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.</p>\n<p>Alibaba did not immediately respond to a request for comment.</p>\n<p>(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-11 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/89e5ee38a5ef188acb46afffabd76104","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4558":"双十一","BABA":"阿里巴巴","BK4524":"宅经济概念","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-SW","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4565":"NFT概念"},"source_url":"https://finance.yahoo.com/news/chinas-chip-conglomerate-unigroup-gets-120850509.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2190275356","content_text":"(Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday.\nThe deal, which is pending court approval, winds down a long-gestating restructuring process for the beleaguered Tsinghua Unigroup, which was once poised to be China's chip champion but later found itself saddled with debt.\nIt is also a blow for Alibaba Group Holding Co Ltd, which was competing with state-backed Jianguang Asset Management to purchase the company in order to bolster its fledgling chip division.\nThe size of the investment was not disclosed in Unigroup's statement. A Unigroup spokesperson referred queries to the company statement.\nTsinghua Unigroup was originally 51% owned by China's prestigious Tsinghua university and led by former real estate magnate Zhao Weiguo.\nUnder Zhao, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.\nYet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.\nIn July, Reuters reported that Alibaba and Jianguang Asset Management, also known as JAC Capital, were among a number of firms competing to purchase Unisplendour, one of the main revenue generating units under the Unigroup umbrella.\nUnigroup also has stakes in Unisoc, a maker of smartphone application processor chips, and Yangtze Memory Technology Company, a maker of flash memory.\nDATA TROUBLE\nJAC is a private equity firm indirectly owned by China's sovereign wealth fund under the state council.\nAccording to public filings, the firm indirectly controls Wise Road Capital, a fund which brokered a number of cross-border deals for China's chip sector.\nA company source briefed on the deal said Alibaba was the frontrunner to purchase Unigroup, and hoped to use it to bolster its own cloud computing and chip division.\nHowever, last minute concerns about data security arose after Chinese ride-hailing giant Didi Chuxing was hit with an unexpected regulatory probe in Beijing for allegedly violating data privacy laws, just days after it listed in New York.\nAlibaba's status as a U.S.-listed company caused a working group managing Unigroup's restructuring to ultimately favor JAC.\n\"The working group was concerned that if Alibaba was picked, some fundamental information about chips would have to be disclosed to the U.S. government and this info would be linked to national security,\" the source said.\nAlibaba did not immediately respond to a request for comment.\n(Reporting Josh Horwitz and the Beijing NewsroomWriting by Tom DalyEditing by David Goodman and Mark Potter)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1273,"commentSize":103,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}

China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal

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