The tech giant, Microsoft planning to open up its first China innovation center, reports China Daily. The innovation center expected to establish in South China’s Hainan province and would be of first of its kind on the Chinese mainland as per the agreement signed between the duo, Microsoft and the Hainan provincial government. The memorandum inked between the duos confirmed that the Microsoft will carry out strategic cooperation with Hainan in the field of technological development, software training and intellectual property rights protection.
Li Guoliang, deputy governor of Hainan states that with the Microsoft’s leading technology platform, the company’s innovation center in the country will attract software enterprises in the fields of tourism and agriculture to Hainan. The government believes that the tie will nurture an ecology-related industrial software chain worth 5 billion yuan ($798 million). The report also suggests that the company will also build a “Microsoft IT Academy” in the province, which will boost the IT experts training.