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MICROSOFT RESERVES US$100 MLN FOR EQUITY IN CHINESE SOFTWARE COS.

AsiaPulse News

| November 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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