Software major Microsoft Corp is looking for a Chinese partner to become a major player in China’s Internet-search market, says a media report.
Attributing to Microsoft CEO for greater China, Simon Leung, the ‘Wall Street Journal’ reported that the company plans to invest USD 100 million in Chinese companies, on top of the USD 40 million the software maker has invested since 2006.
Microsoft will target companies in sectors including software; cloud computing, in which data are managed and accessed over the Internet; and possibly gaming. However, Leung, declined to elaborate on the timing of the investment, the report noted.
Microsoft also is seeking approval from the Chinese government to sell its Xbox videogame console in China. Leung declined to name any possible joint-venture partner for search market.
“Definitely, our goal is to be No.1 in the market” as measured by the amount of searches handled, Leung told WSJ.
Source:http://economictimes.indiatimes.com/infotech/internet/Microsoft-looks-for-Chinas-Internet-search-partner-Report/articleshow/6474347.cms
