State-owned telecoms firm China Unicom is reportedly in talks to sell stakes to internet giants Alibaba Group and Tencent Technology. Photo: Reuters

China’s top state-run firms told to become joint stock corporations by year’s end

Cabinet sets deadline for some 100 enterprises to convert to limited liability or joint stock companies

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State-owned telecoms firm China Unicom is reportedly in talks to sell stakes to internet giants Alibaba Group and Tencent Technology. Photo: Reuters
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