May 21, 2015, Tsinghua Holdings and Hewlett-Packard jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China’s prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure. Under the agreement, Tsinghua Unigroup subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business “new H3C", comprising H3C Technologies and HP’s China-based server, storage and technology services businesses. The new H3C will be a technology powerhouse in China with a market-leading portfolio that will be #1 in networking and a leader in servers, storage and technology services.
Zhong Lun acts as the PRC counsel of Tsinghua Unigroup on this transaction. William Qiu and Johnson Zhu lead the team, with the support of Changyong Liu, Yolanda Huang, Yuanyuan Tao, Haiyan Lai, Jingjing Ma, Junjie Xu and et al.