Dell to invest $125 billion in China’s 'unlimited potential'
  • 9 years ago
As local PC makers including Lenovo grapple to raise revenue, U.S.-based Dell is making an all-out commitment to China, pledging to invest $125 billion over the next five years, citing the "unlimited potential" of the world's second largest economy.
"The internet is the new engine of China's future economic growth," said Dell CEO Michael Dell in a statement.
The statement hinted that Dell's investment would be focused on localizing the PC giant, as well as streamlining company goals with those of the current government.
China is currently in the midst of a giant policy push to bring up its tech sectors, boost infrastructure, and increase innovation among existing tech companies and institutions.
Earlier this year they announced the 'Internet Plus' policy, aiming to invest hundreds of millions in taking traditional industries online.
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