Unisplendour
 | |
| UNIS | |
Native name | 紫光股份有限公司 |
| Company type | Public; State-owned enterprise |
| SZSE: 000938 | |
| Industry | Information technology |
| Founded | March 18, 1999 |
| Headquarters | Beijing, China |
Key people | Yu Yingtao (Chairman) Wang Hongtao (President) |
| Revenue |  CN¥77.31 billion (2023) |
 CN¥3.69 billion (2023) | |
| Total assets | CN¥87.27 billion (2023) |
| Total equity | CN¥40.04 billion (2023) |
Number of employees | 19,186 (2023) |
| Parent | Tsinghua Unigroup |
| Subsidiaries | H3C UNIS WDC |
| Website | www |
| Footnotes / references [1] | |
Unisplendour Corporation Limited (UNIS Chinese: 紫光股份; pinyin: Zǐguāng Gǔfèn) is a partially state-owned publicly listed Chinese information technology company headquartered in Beijing.
UNIS acts as the listed arm of Tsinghua Unigroup.
Background
[edit]In March 1999, Tsinghua Unigroup established UNIS. In November 1999, UNIS held its initial public offering becoming a listed company on the Shenzhen Stock Exchange.[2]
During its early years, UNIS operated at low profitability and suffered losses in 2001 and 2005. Its main business line of IT distribution had low profit margins.[2]
In May 2015, UNIS acquired a 51% stake in H3C for $2.3 billion. It was Hewlett-Packard's Chinese server, storage and technology business.[3][4] H3C significantly increased the profitability of UNIS.[2]
In September 2015, UNIS agreed to pay $3.78 billion for a 15 percent stake in Western Digital.[3] However, in February 2016, Unisplendour announced it would not move forward with its offer following a decision by the Committee on Foreign Investment in the United States (CFIUS) to investigate the deal.[5] Instead in September 2016, UNIS formed a joint venture with Western Digital named UNIS WDC.[6]
In May 2024, Hewlett Packard Enterprise announced that UNIS would acquire a further 30% stake in H3C for $2.1 billion.[4]
See also
[edit]References
[edit]- ^ "2023 Annual Report" (PDF). Sina.
- ^ a b c "150亿世纪大交易！紫光、惠普谁更精明？交易逻辑大拆解：标的新华三有何魔力？豪门间四度易主". stcn.com. Retrieved 6 October 2024.
- ^ a b Mozur, Paul (30 September 2015). "Unisplendour of China Buys 15% Stake in Western Digital". The New York Times.
- ^ a b Haranas, Mark. "HPE To Sell 30 Percent Stake In H3C For $2.1B; Amends China Joint Venture Deal". www.crn.com. Retrieved 6 October 2024.
- ^ "Chinese investor pulls out of Western Digital merger". BBC News. 23 February 2016. Retrieved 6 October 2024.
- ^ "Tsinghua Unisplendour forms JV with Western Digital - China.org.cn". www.china.org.cn. Retrieved 6 October 2024.
