Sale not linked to tensions between Washington and Beijing, says vendor
HPE intends to sell its remaining interest in China-based joint venture H3C, despite professing itself pleased by growth in the Chinese market just a few months ago.
H3C is a provider of IT equipment in China, including HPE servers, storage and associated technical services.
“With the expiration of our financial put option, the time is right for us to evolve the financial structure of our partnership with H3C during a period in which the entire IT industry is shifting rapidly.” However, HPE added that its relationship with H3C was still important, and it intended to continue the commercial partnership between the two companies, stating: “We will continue to do business in China through both direct sales and through the channel, and we remain committed to serving our Chinese customers and team members.”
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