Baidu and JD.com to join $12 billion investment in state-owned China Unicom

(Reuters) — Baidu and JD.com will join other big Chinese technology firms to jointly invest about $12 billion in the Shanghai-listed unit of China Unicom, the weakest of three big state-owned telecoms firms, two people with direct knowledge of the matter said. The move is part of the Chinese government’s drive to rejuvenate state behemoths […]