State IT firm, Microsoft to produce OS for Chinese government organs
Xinhua, December 17, 2015 Adjust font size:
A Chinese tech firm and Microsoft are expected to form a joint venture that will create secure Windows-based operating systems for Chinese government organs and state-owned enterprises.
The two sides signed a memorandum on the joint venture on Thursday in Wuzhen, east China's Zhejiang Province.
China Electronics Technology Group Corporation will hold a 51-percent stake in the venture with registered capital of 40 million U.S. dollars.
"The new company will dedicate itself to improving China's software R&D capabilities and helping safeguard the country's cybersecurity," according to a joint statement. Endi