AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
BEIJING, Nov 1 Asia Pulse - Software giant Microsoft has reserved US$100 million for equity participation in Chinese software companies over the next five years, said Chen Yongzheng, vice present of Microsoft and CEO of the company's Greater China Area.
Microsoft had previously invested US$20 million to purchase the convertible preferred stock of Chinasoft International (SEHK:8216). ICSS, listed in Hong Kong, is the main software outsourcing platform for its parent company Chinasoft.
Meanwhile, Microsoft has invested US$25 million in another Hong Kong-listed domestic software producer Inspur International (SEHK:8141), a subsidiary of Inspur Group, the largest provider of application ...