Deandre Hopkins Jersey Cheap Storage venture aims at huge market

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
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They said the previously-announced venture will sell Western Digital’s datacenter storage systems in China, and invest in the development of new
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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 Unis-WDC is a critical part,” said Zhao Weiguo, chairman of
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“The new joint venture will drive new applications for big data storage in government and local industries,” he said.

Zhao added the Unis-WDC was a critical part of Unigroup in its industry coverage
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