Dreams of Beautiful Babies

Mixed-Ownership Reform. Add that to your lexicon of Chinese government policies, alongside One Belt, One Road, and Going Out. The term has been around for a few years but just popped back to the fore. China Unicom Hong Kong Ltd. and Baidu Inc. said Wednesday night they’ll join forces in areas including mobile internet, artificial intelligence and big data. Big date Big data Both companies are struggling, and each needs a shoulder to cry on. Unicom’s operating profit has fallen off a cliff, with prospects of a merger being about the only thing juicing the stock. Baidu, the nation’s biggest search operator, has been in pain for a year and is the favored punching bag of anyone who has a grievance with the internet, or who advertises there. Weak Signal Unicom’s…

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