Microsoft buys land for R&D operations

(AFX)
Updated: 2007-05-28 11:23

Microsoft Corp has bought land in Shanghai and Beijing for use by its research and development operation in China, the Shanghai Securities News reported, citing vice president Zhang Yaqin.

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Zhang said the deals represent Microsoft's first land purchases devoted specifically to R&D in the country and are an endorsement of China''s promise in software.

According to the report, Microsoft expects to invest 60 mln usd in R&D in China this year and will have 8,000 employees for these operations in the next two or three years.

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