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Dell to heavily fund Chinese market

Xinhua, September 10, 2015 Adjust font size:

PC giant Dell plans to invest a total of 125 billion U.S. dollars in the Chinese market over the next five years, the company announced Thursday in Shanghai.

Michael Dell, the firm's chairman and CEO, said the huge amount shows Dell's confidence in the Chinese economy. The company hopes to cooperate with innovative Chinese enterprises.

The investment will be mainly used to support Chinese startup companies and innovative products, strength cooperation with enterprises in big data and cloud computing, and establish research and development center in China.

Currently, China is the second largest market in the world for Dell. The firm has more than 11,700 retail outlets in 2,200 Chinese cities and towns. It is estimated that the new investment will provide nearly one million new jobs. Endi