Software giant Microsoft (MSFT) has signed a second phase memo with the National Development and Reform Commission of China (NDRC) on strengthening cooperation on software service.
According to the new memo, NDRC will support Microsoft's efforts in enlarging its investment in Chinese software enterprises in the next five years and consolidate cooperation with the company on technology, training and hardware procurement to help promote Chinese software products and services to the global market.
Microsoft will further open its software source code to Chinese enterprises and strengthen cooperation with China on information security.
Ma Kai, a director from NDRC, says that the result from the first phase of cooperation with Microsoft is "more than satisfactory", and this new memo is signed based on that result.
Chen Yongzheng, chief executive officer of Microsoft China, has told local media that Microsoft has made more than US$700 million in hardware purchases from China in the past few years.