China Telecom, the country’s largest fixed-line operator that is raising up to 54.2 billion yuan (US$8.4 billion) in a stock offering in Shanghai after delisting from the New York Stock Exchange in May, has enlisted support from 20 strategic investors including Huawei Technologies Co and Bilibili. Huawei, the Shenzhen-based and privately-owned telecommunications equipment and consumer electronics giant, has agreed to buy 220.7 million China Telecom A-shares to be issued, according to a statement filed to the Shanghai bourse by the telecoms operator on Tuesday. Meanwhile Shanghai-based online entertainment services provider Bilibili, listed in Hong Kong and the US, has pledged…