China Electronics Technology Group Corporation and Microsoft announced that the two parties will establish a joint venture to develop local operating systems in China.
With registered capital of USD40 million, the new joint venture is 51% owned by CETC and 49% owned by Microsoft.
After the signing of the JV memorandum of understanding, Microsoft will support the JV's development of customized operating systems and help existing Windows clients, including government and professional users, move to future customized solutions. In the future, the JV will be committed to establishing local operating system development and service capacities and provide Chinese government and state-owned enterprise users with secure and controllable operating system products and services based on Microsoft's OS technologies.
In addition, China also becomes the first country in the world to cooperate with Microsoft in promoting the use of Windows 10 operating system technologies in key sectors of local markets.