Microsoft signed a deal with China on Wednesday to purchase $700 million of Chinese electronics hardware over the next five years, the latest move by the software giant in the fast-growing mainland market.
The software giant also agreed with the powerful National Development and Reform Commission to invest $200 million in Chinese software companies through joint ventures and partnerships, it said in a statement.
"NDRC will support Microsoft in expanding investments in China's software companies and enhancing technical cooperation, training, software outsourcing and hardware procurement over the next five years," the statement said.
The signing of the memorandum of understanding comes just days after Microsoft and China's Lenovo formally signed an agreement to pre-install the Windows operating system on Lenovo's computers made in China.<!-- STORY TEASE --> <!-- END STORY TEASE -->
The agreement was a big step in China's efforts to combat piracy and is expected to result in $1.2 billion in sales of Microsoft's Windows operating-system software over the next 12 months, said Lenovo, the mainland's largest PC firm.Continue at source