The Digital Source For China's Tech Innovation Since 2000

Search
Close

MSN China Seals MBO Deal

September 2, 2016
Internet | Software

Microsoft announced that Microsoft Online, which was formerly known as MSN China, has reached a management buyout agreement to become a subsidiary of Xichuang Technology and Microsoft Online's general manager Liu Zhenyu is now chief executive officer of Xichuang Technology.

Microsoft confirmed via its blog that Xichuang Technology and Microsoft are implementing close cooperation to realize operating model optimization for the Internet search advertising business of the existing company to ensure the continuity of core businesses and partnerships. All the details were effective from August 10, 2016.

Microsoft added that China will still be a strategic market for Microsoft and the company will still make long-term investment in this marketplace in the future. Microsoft China has the company's largest research and development center outside America. It will be committed to creating more personalized computing, building smart cloud platforms, and re-establishing core strategies, including productivity and business process.

Xichuang Technology was registered in December 2015 and the company was initiated by Liu.

On October 15, 2014, MSN China announced plans to rename to Microsoft Online and the company would promote Microsoft's online products and businesses in the Chinese market while providing advertising solutions. Microsoft Online's products and services cover Cn.msn.com, Bing, Windows AiA, Windows Phone AiA, Xbox One, and Skype.

Tags: acquisition | Internet advertising | Liu Zhenyu | management buyout | Microsoft | MSN | online advertising | social media | Windows | Xbox | Xichuang Technology

Other Related News:

Fact Checking Claims About the FBI, a Chinese Spy, and Hunter Biden’s Laptop

April 2, 2022

xiaomi: Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

November 28, 2021

Avature Launches Full Suite Of Integrated WeChat Recruiting Marketing Applications To Transform The Way Organizations Connect With Professionals In China

October 14, 2021

Tesla staff in Shanghai will sleep at the factory to restart production.

May 6, 2022

Buffett enterprise accomplice Munger laments U.S.-China tensions, calls crypto 'venereal illness' – Reuters

February 18, 2022

Internet portal Sohu, one of China's first tech firms to list on Nasdaq in 2000, is looking to exit Nasdaq after the SEC said it's noncompliant with audit rules (Jiaxing Li/South China Morning Post) News AKMI

April 15, 2022

'Laptop from Hell' Affirms Joe Biden Is the 'Big Man,' Expected 10% Cut from Deal with Chinese Giant

November 30, 2021

Bing Search Engine Agreement With China's Baidu Is No Big Deal

July 5, 2011

@HPCpodcast: Taiwan under Threat from China – TSMC and the ‘Techno-politics’ of Advanced Chips insideHPC

January 14, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....