Microsoft announced that Microsoft Online, which was formerly known as MSN China, has reached a management buyout agreement to become a subsidiary of Xichuang Technology and Microsoft Online's general manager Liu Zhenyu is now chief executive officer of Xichuang Technology.
Microsoft confirmed via its blog that Xichuang Technology and Microsoft are implementing close cooperation to realize operating model optimization for the Internet search advertising business of the existing company to ensure the continuity of core businesses and partnerships. All the details were effective from August 10, 2016.
Microsoft added that China will still be a strategic market for Microsoft and the company will still make long-term investment in this marketplace in the future. Microsoft China has the company's largest research and development center outside America. It will be committed to creating more personalized computing, building smart cloud platforms, and re-establishing core strategies, including productivity and business process.
Xichuang Technology was registered in December 2015 and the company was initiated by Liu.
On October 15, 2014, MSN China announced plans to rename to Microsoft Online and the company would promote Microsoft's online products and businesses in the Chinese market while providing advertising solutions. Microsoft Online's products and services cover Cn.msn.com, Bing, Windows AiA, Windows Phone AiA, Xbox One, and Skype.
Russia and China were barely mentioned, but they were the threats in everyone’s minds in…
KANDAHAR, Afghanistan: An overnight exchange of fire at one of the main Pakistan-Afghanistan border crossings…
New Delhi: Mass cancellations of IndiGo flights across several cities in India have left thousands…
Michigan neurosurgeon shares why ‘Japanese people live longer’: And it’s more than just diet ByAkanksha…
Baba Vanga 2026 Prediction: Another prediction by the world's most famous seer, Baba Vanga, is…
It should have been a night for Crystal Palace supporters to savour. About 1,500 officially…