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Potevio
Potevio Group Corporation is a Chinese telecommunications hardware manufacturing company. It was one of the 102 state-owned enterprises that is supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Potevio Group Corporation is the parent company of Potevio Co., Ltd.. In 2021, it was reported that Potevio had been absorbed into China Electronics Technology Group (CETC). Subsidiaries Potevio Group is the parent company of 5 listed companies: Shanghai Potevio (SSE:600680), Eastern Communications (SSE:600776), Nanjing Putian Telecommunications (SZSE:200468), Chengdu Putian Telecommunication Cables (HKEX:1202) and Eastcompeace Technology (SZSE:002017). Controversies As of 2015, Potevio Group's subsidiary Potevio Co., Ltd. owned 39.04% stake of Puhua Investment as the largest shareholder. Puhua Investment was infamously linked to Xiao Jianhua as part of his business empire, Tomorrow ''series of companies'' (), who brought the Paci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puhua Investment
Puhua Investment Co., Ltd. is a Chinese company based in Tai'an, Shandong Province. As at 31 December 2015, state-owned enterprise Potevio owned 39.04% stake as the largest shareholder.National Credit Information Publicity System (in Chinese) History Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding ().Not to be confused with Taian Taishan Investment () In 2004 the company was the joint-largest shareholder of the for 22.56%. In June 2006 it w ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Electronics Technology Group
China Electronics Technology Group Corporation (CETC; zh, s=中国电子科技集团公司, p=zhongguo dianzi keji jituan gongsi, labels=no) is a Chinese state-owned company established in 2002. Its fields include communications equipment, computers, electronic equipment, IT infrastructure, networks, software development, research services, investment and asset management for civilian and military applications. It was founded with the stated goal of leveraging civilian electronics for the benefit of the People's Liberation Army. In 2021, CETC became the third largest electronics and IT company in China after absorbing Potevio, with a combined revenue of $53 billion in 2019, behind only Huawei and Lenovo. The company also handles electronic parts and systems for radars, missiles, key components for satellites in the BeiDou network, semiconductors, antennas for wireless infrastructure as well as equipment for autonomous-driving technology. History China Electronics Technology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Assets Supervision And Administration Commission Of The State Council
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs. , its companies had a combined assets of CN¥194 trillion (US$30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the one of the largest economic entities in the world. Central SOEs SASAC currently oversees 97 centrally owned companies. Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC companie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai Potevio
Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the List of cities in China by population and built-up area, most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the List of largest cities, second most populous city proper in the world (after Chongqing) and the only List of cities by GDP, city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks List of administrative divisions of Greater China by Human Development Index, second among the administrative divisions of Mainland China in Human Development Index, human development index (after Beijing). As of 2018, the Greater ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
