Microsoft invests $900 million in China
InfoWorld | at | by Mike
Microsoft continues its strategic investments in the growing Chinese technology market. The software vendor has signed a $900 million deal with China to promote the growth of the country's software industry, China's National Development and Reform Commission said Wednesday.
In a press statement, the NDRC said that Microsoft will invest 1.6 billion renminbi ($200 million) over the next five years to support joint ventures and partnerships with Chinese software companies and for developing other software and service projects.