HPE sets timetable for leaving China as it refocuses investments

May 29, 2024


Hewlett Packard Enterprise has quietly amended its timetable for divesting its stake in Chinese cloud services company H3C and announced the sale of part of its communications technology group (CTG).

“Our priority is to focus on the markets most relevant to customers’ needs across edge, hybrid cloud, and AI. Sometimes, this means identifying areas of our business that could be better nurtured and grown through another company or partner,” HPE CFO Marie Myers said in a blog post announcing the CTG sale.

Last year, HPE agreed to sell its 49% stake in H3C to majority owner Unisplendour International Technology. This agreement has been modified, the company revealed in an SEC filing Friday.

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