Potevio

Potevio Group
Headquarters of Potevio in Zhongguancun, Beijing
Formerly	PTIC
Type	state-owned enterprise
Founded	1980
Headquarters	Beijing , China
Area served	mainland China
Owner	Chinese Central Government
Number of employees	53,000
Parent	China Electronics Technology Group
Subsidiaries	Potevio Co., Ltd.

Potevio Group Corporation was a Chinese telecommunications hardware manufacturing company. It was one of the state-owned enterprises that was 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 (Chinese: 明天系), who brought the Pacific Securities to float in the Shanghai Stock Exchange.

Puhua Investment was a minority shareholder of another securities broker New Times Securities [zh], which was part of the Tomorrow series of companies.

References