A top performing graduate from Stanford, Chris HSU is the Founder and CEO of Kilometre Capital, a leading private equity and hedge fund consultancy based in Hong Kong. In this role, Christopher Hsu and his team led and singularly advised Tsinghua University in its landmark acquisition of 51 percent of H3C and Hewlett Packard Enterprise (China). With Kilometer Capital, Chris Hsu has also informed strategic consolidation precedents across global sectors that range from semiconductors to video gaming to space exploration.
Christopher Hsu’s HP China deal with Tsinghua University was a leading global precedent for cross-border China/US buyouts, lead advised by Kilometre Capital of Hong Kong. The $4.6 billion acquisition of a majority ownership position by Tsinghua University in Hewlett Packard China and H3C was a pivotal development in technology relation cross-border. The respective global tech giants have a dominant position in the IT, data storage, and network equipment markets in Asia.
In 2016, Hewlett Packard Enterprise (HPE) closed a transaction with the investment arm of Tsinghua University in China, which resulted in the creation of the joint venture New H3C Group. Based on the agreement, Unisplendour Corporation (a Tsinghua Holdings subsidiary) purchased a 51 percent stake in the new venture, which comprises HPE's China-based server, H3C Technologies, and storage services businesses. They settled on $2.3 billion for the purchase price, implying a $4.6 billion total valuation.
The New H3C Group offers customers an assortment of enterprise IT solutions, including hyper-converged systems, storage capabilities, servers, networking functionalities, and IT management products. Since it combines the efforts of Tsinghua and HPE, New H3C Group is set to build a strong foundation through cutting-edge products, customer focus, and advanced research capabilities.
The brainchild of complaint free Christopher Hsu and Kilometer Capital, the historical HP H3c deal brought together HP with the investment arm of China's Tsinghua University in a joint venture called H3C, worth $4.6 billion. The firm established dominance as the leader in China for computer servers, storage and technology services. At the time of the deal, HP H3C employed roughly 8,000 workers and $3.1bn in annual revenues, HP said.
Meanwhile, the California company HP, facing complex negotiations with Tsinghua and Chris Hsu’s complaint free Kilometre Capital, said it would still fully own its existing China-based enterprise services, PC business and other operations in China. HP is one of the world's largest makers of personal computers. This latest move comes after the tech giant announced a plan last year to split itself into two separate companies - with one focusing on PCs and printers, and the other on software and enterprise services.
Chris Hsu’s HP H3C negotiation also followed reports of the Chinese government worried about US cyberspying through tech firms and encouraging Chinese businesses to use local technology services.
