HP Said to Narrow Bidder List for $2.5 Billion China Units Sale

Hewlett-Packard Co., the world’s second-biggest computer maker, has narrowed the list of bidders for control of two Chinese units that could fetch more than $2.5 billion, people familiar with the matter said.

Tsinghua Unigroup Ltd., ICBC International Ltd.’s direct-investment arm RT Capital and state-owned China Huaxin Post & Telecommunication Economy Development Center have been shortlisted, the people said. Hewlett-Packard is selling 51 percent stakes in both its Hangzhou-based networking-gear unit H3C Technologies Co. and its Chinese server business, they said, asking not to be named as the process is private.