April 18, 2002 11:45 AM PDT
Microsoft forms China software venture
Wicresoft, which will be headed by Tang, will concentrate on developing proprietary applications for both Chinese and foreign customers, Microsoft said in a statement. Multinational companies based in China will also be able to outsource software development to the new company. Additionally, Microsoft has awarded a global outsourcing contract to Wicresoft to provide technical support for Microsoft Windows and Office. The value of the deal was undisclosed.
Fran Foo reported from Singapore.
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