HP’s $4.5 Billion Chinese Business Finds a Local Face to Succeed

Tsinghua Unigroup Chairman Zhao Weiguo.

Source: Tsinghua Unigroup via Bloomberg

Hewlett-Packard Co. has given up control of its $4.5 billion Chinese unit to try to change its fortunes after acknowledging twice this year that the performance of the business has been “disappointing.”

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