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September 10, 2015

Dell plans massive China drive with $125bn investment

The company announced new “In China, for China” 4.0 strategy.

By CBR Staff Writer

Dell plans to invest more than $125bn in China over the next five years as it continues to expand in the country.

This would result in about $175bn to imports and exports, sustaining over one million jobs in China.

The move is part of Dell’s new "In China, for China" 4.0 strategy, which includes the expansion of its research and development (R&D) team.

The company’s corporate VC unit, Dell Ventures, is entering the Chinese market to support entrepreneurship and innovation in enterprise.

Dell will partner with the Chinese Academy of Sciences to set up an artificial intelligence and advanced computing joint-lab.

A strategic partnership agreement between Dell and Kingsoft Cloud will further improve cooperation with local partners in the fields of big data and cloud.

Dell CEO Michael Dell said: "China and the United States are among the countries where the information industry is developing the fastest, resulting in the most vibrant enterprises.

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"The Internet is the new engine for China’s future economic growth and has unlimited potential. Being an innovative and efficient technology company, Dell will embrace the principle of ‘In China, for China’ and closely integrate Dell China strategies with national policies in order to support Chinese technological innovation, economic development and industrial transformation."

Dell entered into the Chinese market in 1995. It already employs about 2,000 senior engineers.

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