Microsoft lays out $900 million in Chinese investments
C|Net | at | by Mike
Microsoft signed a deal with China on Wednesday to purchase $700 million of Chinese electronics hardware over the next five years, the latest move by the software giant in the fast-growing mainland market.
The software giant also agreed with the powerful National Development and Reform Commission to invest $200 million in Chinese software companies through joint ventures and partnerships, it said in a statement.
"NDRC will support Microsoft in expanding investments in China's software companies and enhancing technical cooperation, training, software outsourcing and hardware procurement over the next five years," the statement said.