China’s to invest HK$ 1.3 billion in software firm Kingdee

18 May, 2015 6:14 pm

BEIJING – China’s will purchase a 10 percent stake in software firm Kingdee for HK$1.3 billion (107 million pound) in a deal announced Tuesday that could see the e-commerce giant enter the software business.

The companies said they will enter a strategic partnership to provide small and medium-sized businesses with business management software delivered over the cloud. –Reuters

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