Oracle China has held a grand foundation-laying ceremony for its new office building in Beijing which is expected to be a core office for employees of the company's many different business departments and home to both the company's R&D Center and the company's Partner Solution Center.

Derek Williams, chairman and executive vice presiden for Asia Pacific and Japan, says that the successful foundation-laying ceremony of the new office building is a milestone in Oracle's development in China. He says that the core of Oracle's efforts is to fulfill its commitment of localizing their services and solutions to meet clients' special demands.

Oracle China has also announced plans to change its registered name in China from Beijing Oracle Software System Company to Oracle (China) Software System Co., Ltd.

Oracle's investment in the new office building will help the company push forward its strategy of localization, partnership and long-term commitment in China. At present, more than 7000 companies of key industries in China are using Oracle's application software and services.

Oracle has 13 branches and 16 offices in China. It has also set up three R&D centers in the country, which are respectively located in Shenzhen, Beijing and Shenzhen, and two partner solution centers that are located in Shenzhen and Beijing, respectively.