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Unisplendour Corp has purchased 51% stake in Hewlett Packard's (HP) China-based joint venture- H3C Technologies for $2.5bn.

Synopsis

Unisplendour Corp, a Chinese information technology and communications company under the Tsinghua University has purchased 51% stake in Hewlett Packard's (HP) China-based joint venture- H3C Technologies, information technology services provider for $2.5bn. The move by Unisplendour Corp Ltd (UNIS), under Tsinghua University, will have a positive impact on the information technology market and will cultivate new localisation routes for foreign enterprises.

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