By Joey Gardiner, 18 January 2002 15:40
NEWS Software giant Microsoft has signed its first joint venture in China to develop enterprise and government applications for the fast growing Chinese market. The new joint venture company Zhongguancun Software is worth $12m and is a partnership with Beijing Centergate Technologies and the Stone Group. A spokesman for Microsoft said the news was just the first of many such deals, as Microsoft aims to break in to the nascent market. China, with a population of $1.2bn, represents a valuable potential market for many IT firms. However, so far Microsoft has been losing out in the country to software pirates and the Linux operating systems.
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