Stor­age ven­ture aims at huge mar­ket

China Daily (USA) - - BUSINESS - By FANFEIFEI in Nan­jing fanfeifei@chi­nadaily.com.cn

State-owned Unis­plen­dour Corp Ltd and US stor­age solutions provider Western Dig­i­tal Corp of­fi­cially launched a joint ven­ture called Unis-WDC Stor­age Co Ltd on Thurs­day in Nan­jing, with an in­vest­ment of $158 mil­lion, which is aimed at China’s huge stor­age mar­ket.

They said the pre­vi­ouslyan­nounced ven­ture will sell Western Dig­i­tal’s dat­a­cen­ter stor­age sys­tems in China, and in­vest in the de­vel­op­ment of new prod­ucts and in­no­va­tive solutions that ad­dress the evolv­ing needs of the big data mar­ket.

Unis­plen­dour, a listed com­pany un­der Ts­inghua Un­i­group Ltd, has 51 per­cent of the shares, while Western Dig­i­tal holds 49 per­cent. The joint ven­ture will have its head­quar­ters and R&D op­er­a­tions in Nan­jing and a sales and mar­ket­ing of­fice in Bei­jing.

“Un­i­group is fo­cused on ex­e­cut­ing its in­for­ma­tion tech­nol­ogy de­vel­op­ment strat­egy, of which UnisWDC is a crit­i­cal part,” said Zhao Weiguo, chair­man of Ts­inghua Un­i­group at the launch cer­e­mony.

“The new joint ven­ture will drive new ap­pli­ca­tions for big data stor­age in govern­ment and lo­cal in­dus­tries,” he said.

Zhao added the UnisWDC was a crit­i­cal part of Un­i­group in its in­dus­try cov­er­age from chip to cloud and to boost the de­vel­op­ing big data stor­age in­dus­try in China.

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