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Thursday, April 27, 2006
Microsoft in China: A $3.7billion plan
(Editor's Note: This story has been altered. The original version of this story and its headline misstated the amount of Microsoft's investment.)
Microsoft Corp. has outlined plans to spend $3.7 billion in China by buying local computer hardware and forming joint ventures and partnerships to boost the software maker's sales in the No. 2 computer market.
The money will be invested over five years, Microsoft said in a statement released Wednesday with the Chinese National Development and Reform Commission. The spending is the second phase of a 2002 agreement.
Microsoft has invested more than $1 billion in China to win over officials it believes can crack down on piracy. The company needs more sales from China, which has the world's third-highest software piracy rate, to counter slower growth in the United States and Western Europe.
The accord follows an earlier commitment to spend $750 million.
The announcement comes one week after Microsoft Chairman Bill Gates hosted Chinese President Hu Jintao. Three Chinese PC makers, including No. 1 Lenovo Group Ltd., have agreed in the past three weeks to buy almost $1.4 billion of Windows software to preinstall on machines in a bid to curb piracy.
The deals are a victory because users in China typically buy machines without Windows and load stolen copies, which can be bought for a few dollars.
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