Posts Tagged ‘storage’

Unisplendour Will Invest USD80.58 Million For JV With Western Digital

China’s Unisplendour Corporation will invest USD80.58 million to build a joint venture with Western Digital Corp., and Unisplendour will hold a 51% stake. The new JV will have registered capital of USD158 million. Of that total, Unisplendour will invest USD56.58 million in cash and its subsidiary Unissoft (Wuxi) Group Co., Ltd. will invest USD24 million […]

Unisplendour Acquires 51% Stake In H3C From HP

Unisplendour Corporation Limited, a subsidiary of Tsinghua Holdings, will acquire a 51% stake in H3C from Hewlett-Packard for at about USD2.3 billion. The transaction is expected to close at the end of 2015 and it is still subject to the approvals of Unisplendour’s board of directors and related government authorities. According to the agreement signed […]

Kingsoft Makes Things Cloudier In China’s Tech Space

Kingsoft Cloud Group, the cloud computing subsidiary of China-based Kingsoft, has formally launched its full cloud service platform, providing cloud hosting, cloud storage, cloud drives, and a database to developers. Prior to this launch, Kingsoft Cloud service platform offered enterprise storage and network disk services. Wang Yulin, president of Kingsoft, said during an interview that […]

Who Says Foreign Tech Companies Can’t Grow In China?

EMC claims its China business has grown for many years, while other foreign firms and Internet heavyweights like Twitter, Facebook, and Youtube can’t even step foot in China. Ye Chenghui, president of EMC Greater China, said that EMC China’s growth in the past year was beyond expectations and the company has realized growth over eight […]

Sugon Takes On China’s Burgeoning Big Data In The Cloud

Chinese server provider Sugon launched a new cloud computing storage product targeting enterprise users as part of the company’s strategic move towards small and medium-sized businesses. Wang Zhengfu, chief operating officer of Sugon, said at the press conference that because of the explosive growth of “big data”, especially unstructured data, users’ demands for storage is […]

Former Lenovo General Manager Appointed Vice President Of Founder

Founder Technology has published a notice stating Ma Zheng, past general manager for Lenovo’s (LNVGY) digital peripherals, has now hopped to rival Founder Technology and will be the company’s vice president responsible for the notebook customer group.