Dell to Splurge in China
Dell will invest billions in East Asia's most populous country over the next five years.
By Anca Gagiuc, Associate Editor
Dell recently announced its intention to invest $125 billion in China over the next five years in an bid to grow in the world’s second-largest economy.
The Austin-based company, which has been selling its products in China since 1995, wants to step up its local research and development efforts. Dell plans to build a facility featuring IT solutions tailored for the Chinese market and will develop an artificial intelligence laboratory in partnership with the Chinese Academy of Science.
Dell also announced a partnership with Kingsoft Corp. on big data and cloud technology and services to support China’s national “Internet+” strategy. “The Internet is the new engine for China’s future economic growth and has unlimited potential,” Chief Executive Michael Dell said in a statement.
“Dell will embrace the principle of ‘In China, for China’ and closely integrate Dell China strategies with national policies,” Dell added. The strategy will contribute to the imports and exports, sustaining more than one million jobs in China, the company estimates.
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