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Dell plans to invest $125bn in China over next 5 years

Dell plans to invest $125bn in China over next 5 years

BEIJING: Dell Inc announced here the other day that it plans to invest US$125 billion in China over the next five years, a record investment in its second-biggest regional market.

Besides the US$125 billion investment by 2020, Dell will introduce Dell Ventures into China for the first time to support innovation, and cooperate with Kingsoft to offer cloud computing service in China. The company called the new strategy as In China For China.

“The Internet is the new engine for China’s economic growth and has unlimited potential,” Dell’s Chief Executive Michael Dell said in Shanghai yesterday. “China has influenced the world’s economy in a big way already.”

Dell has more than 8,000 employees and three manufacturing facilities in China since it entered the market in 1995.

China is “critically important” for Dell as more than 65 percent of Dell products, including personal computers, servers and monitors, sold globally are produced in China.

Dell said the company fully supports and embraces China’s Internet Plus national strategy. For example, Dell and Kingsoft, whose investors include Xiaomi’s CEO Lei Jun, signed a strategic partnership agreement on big data and cloud.