SAP to Invest $2 Billion in China in Next Four Years

Nov. 15, 2011

Will set up five or six more branches and hire around 2,000 more people.

Software giant SAP said on Nov. 15 that it planned to invest $2.0 billion (1.5 billion euros) in increasing its presence in China over the next four years.

"SAP today announced multi-year spending plans of more than $2 billion through 2015 to grow its business in China," the world's second-largest economy, the group said.

Co-chief executive Bill McDermott said SAP, which has been present in China for 20 years and has two research centers in Shanghai and Chengdu, would set up five or six more branches there and hire around 2,000 more people.

SAP does not publish separate figures for its activities in China, but the Asia-Pacific region accounted for around 14% of overall group revenues last year.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.