Telecom will work with Shun network technology to enter the hand tour

Colorful Interactive Network Technology Co., Ltd. (hereinafter referred to as "colorful company") Capital increase framework agreement signed yesterday, China Telecom, Shun Network Technology Co., Ltd. (hereinafter referred to as "Shun network Technology") will be in the field of deep cooperation in the hand tour.

"In our view, colorful company has a unique and not replicable customer resources, products and many other advantages, shun network technology as the largest Internet cafes professional game operating platform, in advertising, traffic, game operation and other aspects of the formation of a sound trend of development." "China Telecom general manager Yangjie at the signing ceremony to the" First financial daily "and other media said. Colorful company is the company of China Telecom.

Public information shows that the company through the "Love Game" platform has accumulated 100 million registered users, the monthly active users more than 30 million people, the user advantage is obvious. Shun network technology is a page in the field of industry to obtain the top three ranked game listed companies, with PC-side game advantage, intends to enter the mobile end game market.

According to the capital increase framework agreement, China Telecom, shun net technology, Chinese Cultural Industry Investment Fund (hereinafter referred to as "cultural Fund") will hold the 65%~70%, 22%, 8% equity of the company after the increase of capital. The remaining 0%~5% equity will be held by the management and core staff of the colorful company.

Shun network technology also publicly promised that it won 22% of colorful company equity, of which 2% stake will be earmarked for the company's employees "follow-up incentive." After the completion of the employee equity incentive, colorful company will form a state-owned, state-owned, public-funded, management, employee-owned shareholding structure.

Through this increase in capital cooperation, China Telecom's "mixed ownership" reform has taken a concrete step through partial reform, and it is still less than one month before the "mixed ownership" reform was announced, and Telecom said that it will select the 2~3 company in the group to carry out the mixed economy cooperation this year.

According to the increase in capital and shareholding calculation, the company's overall valuation is 1 billion yuan.

"We are not the only one who has participated in (bidding) by public bidding." Shun Network Technology Chairman Hua Yong told reporters. At the signing ceremony, the two sides did not commence cooperation details. The reporter learned that, through cooperation with China Telecom, shun network technology in the industry has also been "mixed ownership of the first shares," said.