Private company

China Netcom

China Netcom, full name China Netcom Group Corporation (Hong Kong) Limited (former stock codes: HKEX:0906, NYSE:CN), abbreviated CNC, was a telecommunication service provider in People's Republic of.1

Last updated Oct 18, 2026.

Overview

Aug 1999Founded1
  • Industrytelecommunications1
  • HeadquartersBeijing1
  • Websitewww.cnc.cn

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China Netcom, full name China Netcom Group Corporation (Hong Kong) Limited (former stock codes: HKEX:0906, NYSE:CN), abbreviated CNC, was a telecommunication service provider in People's Republic of China. It was formed in August 1999 by the Chinese government to enable inward investments to build high speed Internet communications in the country.2

How it started

History

The company started as a wholesaler for high-speed data networks in 1999, headquartered in Shanghai. It was backed by Jiang Mianheng, Jiang Zemin's son, and Liu Chuanzhi, chairman of Legend Computers (now Lenovo). However, the business flopped partly because at the time China Telecommunications Corporation (China Telecom Group) held a monopoly over the telecom market.

Netcom was on the verge of bankruptcy. Fortunately for Netcom, with the backing of Jiang's son, the Chinese government broke up the China Telecom monopoly and granted Netcom a third of China Telecom's assets. Most of those assets are located in the northern provinces.

From Wikipedia’s article on China Netcom, shared under CC BY-SA 4.0.2

Timeline

  1. Oct 6, 2008Dissolved Dissolved1
  2. Aug 1999Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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