Inspur has $154m yuan war chest for overseas acquisitions drive

Inspur Group Co Ltd, the Chinese information technology firm headquartered in Shandong province, plans to spend at least 1 billion yuan ($154 million) on overseas cloud computing acquisitions this year, as it looks to the booming sector for growth.

Sun Pishu, chairman and chief executive of the country's biggest server manufacturer and a deputy to the National People's Congress, said the focus will be "valuable assets and technologies".

"Overseas mergers and acquisitions will help us effectively grow our presence in these areas," he said.