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Reuters via CNET:
That all changed in 2005, in what became a string of investments in local partners aimed at advancing or cementing its software and Internet businesses.
In the latest, Microsoft said Monday that it and International Finance, the World Bank’s private sector arm, would together invest $35 million in software maker Chinasoft International.
In May, Microsoft announced the creation of two ventures for its MSN Internet service in China, saying the development would allow it to offer services running “the full gamut of a true Internet portal” in the market–including services targeted at China’s 370 million mobile phone users.
In June, the company unveiled plans to team with Indian software outsourcing leader Tata Consultancy and several Chinese partners to form an IT outsourcing firm, which the investors hoped would serve as a model for Chinese firms hoping to replicate India’s outsourcing success.
And in July, Microsoft agreed to invest $25 million in Hong Kong-listed Lang Chao International, a unit of a larger Chinese software maker.
More on Microsoft’s ups and downs in China by following the link.
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