Xinjing News (reporter Liang Chen) ZTE announced the announcement to Nanjing Xi Soft Enterprise Partnership on the 25th
According to the announcement, ZTE, Nanjing Xilu and ZTE SoftChong Technology Co., Ltd. (renamed as
According to the agreement, ZTE transferred 43.66% of its holding subsidiary, ZTE Soft, to Nanjing Xi Soft for RMB 1.223.3 billion, while Nanjing Xi Soft added RMB 100 million to ZTE Soft.
On the day of delivery, Nanjing Xisoft paid the transfer price and the subscription price of new shares to ZTE and ZTE Soft, respectively. Up to now, the transaction has not been completed.
On September 25, ZTE, Nanjing Xi Soft and ZTE Soft signed the Supplementary Agreement on Installment Arrangements, which adjusts the one-time full payment of Nanjing Xi Soft under the Share Transfer and New Share Subscription Agreement to installment payment.
The supplementary agreement shows that the payment is divided into three phases. Among them, the capital increase is completed in the first phase, that is, within 10 working days after the signing of the supplementary agreement, and the final payment is completed within 120 days after the first payment.
Data show that ZTE soft founded in 2003, is a subsidiary of ZTE. The main business is telecom support services, that is, technical support services for 145 operators in 70 countries around the world to help them build and improve their own business support system (BSS) and operation support system (OSS), is the three operators BSS / OSS core suppliers.
In April 2017, ZTE was included in the sale list by ZTE. ZTE then announced that its holding subsidiary, ZTE Soft Creation, was listed in the national SME share transfer system.
Industrial and commercial data show that ZTE holds 89% of its shares and is the largest shareholder. In other words, after the completion of the transaction, Nanjing Xisoft replaced ZTE as the largest shareholder and actual controller of ZTE Soft Innovation.
Nanjing Xisoft is a new company registered in January 2018. Its shareholders include Shanghai Qiwei Investment Center (Limited Partnership), Hangzhou Ali Venture Capital Co., Ltd. and Shanghai Qipeng Investment Management Co., Ltd.
Although the deal has not yet been completed, ZTE Soft Chuang, a data intelligence technology company jointly invested by Alibaba and ZTE, has updated its data on Hawk Cloud Computing.
Official website also showed that as a strategic investment subsidiary of Alibaba, Aliyun Software Services Ecology mission-level partners, Hawhale Technology for global enterprises to bring leading digital transformation technology and data intelligence services.
At present, Hao whale technology business from the operator market to the government, transportation, environmental protection, public safety and other industries, there are 13 research and development centers in the world.
Some industry insiders said that before Yin Yimin and other ZTE leadership in office, the company's strategic focus has been adjusted to focus on the operator's equipment business, and continue to spin off less profitable, or with a low degree of core strategic direction of subsidiaries.
ZTE's soft building business is concentrated in the field of software, and is not directly related to ZTE's business. The competition in its area is fierce and its income has improved, but the profit performance is not enough to promote the growth of the parent company.
But for Alibaba, it has always wanted to break into operators'business, including establishing group-level strategic partnerships with the three major operators, actively participating in the resale of mobile communications, participating in the mixed transformation of Unicom, and introducing cloud communications and cloud backbone network products.
For BSS/OSS, Alibaba has not been able to break through. Market share is not the key to Alibaba, but only by familiarizing itself with carrier systems can it enter the market and help it replenish its layout.