Hewlett-Packard (HP) has signed a memorandum of understanding (MOU) with the government of Shanghai, to build its regional head quarter in the capital city.
According to tech website PC World (opens in new tab), HP, on Sunday announced its deal with the government to build its headquarter in Shanghai with an intention to consolidate its other three sites in to one multipurpose office.
"Shanghai will be an important part of HP's next phase of growth and innovation in China, and we look forward to expanding our close partnership with this city," Loe Apothekar, the chief executive officer of HP said in a statement.
The move has come after China has been predicted to become world’s largest consumer market for PC units.
According to a research report compiled by the IDC, by 2013, China is expected to take lead, leaving behind the United States for the sales of computers.
Interestingly, China offers the company with the largest human resource as the PC maker has its manufacturing, research and development along with other business wings across six cities in the country.
HP ranks third in the chart of PC vendors in China with 9.3 percent share. Native company Lenovo tops the chart with 27.6 percent share followed by Dell at 10.3 percent.