Hewlett Packard Co. (HP) on Wednesday announced its plans to develop research and cloud computing among many other sectors in China.
According to the Wall Street Journal (opens in new tab), the chief executive officer of HP, Leo Apothekar has unveiled company’s plans to expand its business in China, world’s largest consumer of computers and web.
Apothekar, in a news conference, revealed that the company has planned to develop its cloud computing, software and tablet computer business in the country, in order to tap its booming market. He also added that the company has assigned two executives to lead and manage the company’s business in the country.
“China's vibrant economy, explosive growth in social and mobile connectivity, and strong commitment to innovation present tremendous opportunities for HP. We are doing well in China. We are growing. We are expanding," stated the chief executive during press meet.
The CEO also revealed that the company plans to develop a networking and information analytics research centre in country’s capital by the end of 2011.
HP is in line to make Shanghai its regional headquarters for its division, Personal Systems Group, and collaborate with other cities including Chongqing, Tianjin and Shanghai itself to work on core issues such as infrastructure and health care in the country.