Expansion of Foreign Investment in Value-added Telecommunications Services in China
On October 23, 2024, the Ministry of Industry and Information Technology (“MIIT”) of China convened a seminar to formally initiate a pilot program for the expansion of foreign investment in value-added telecommunications services across four key regions: Beijing, Shanghai, Hainan, and Shenzhen. At the seminar, MIIT granted approval letters to the four key regions to commence pilot programs.corporate mergers and acquisitions-foreign direct investment fdi,digital economy-telecommunications media entertainment and technology-telecommunications
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