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Microsoft Planning to Invest $3.7 Billion into China

According to ChinaDaily

US software giant Microsoft is planning to pour US$3.7 billion into China over the next five years, it announced yesterday.

Under a deal signed with China’s top economic planning body, the National Development and Reform Commission (NDRC), Microsoft has vowed to increase its investment and commitment which it says will aid the development of the Chinese software sector.

the US firm will also invest US$100 million during the same period to collaborate with Chinese software firms or their offshore subsidiaries. This will be done in the form of setting up joint ventures or co-operation, a move the software company says is designed to help the growth of Chinese software firms.

In addition, Microsoft will, in the same timeframe, place a US$100 million order with Chinese software companies for software technical support, development and testing services.

The software giant is also planning to train 10,000 software professionals for China in the next five years.

This entry was posted on Thursday, May 4th, 2006 at 3:19 pm and is filed under China, Industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.