A Foxconn booth at the World Intelligence Congress in Tianjin, China. The electronics maker’s Foxconn Industrial Internet unit aims to raise US$4.3 billion in its initial public offering. Photo: Reuters

Alibaba, Tencent, Baidu to hold big stakes in Foxconn unit after US$4.3 billion IPO

Foxconn Industrial Internet to use funds from China’s biggest domestic share offering in three years to develop smart manufacturing, cloud computing and 5G technology

Topic |   Foxconn

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A Foxconn booth at the World Intelligence Congress in Tianjin, China. The electronics maker’s Foxconn Industrial Internet unit aims to raise US$4.3 billion in its initial public offering. Photo: Reuters
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