SAP to invest $2 billion in China in next four years

Nov 15, 2011

German software giant SAP said on Tuesday 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 in a statement.

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

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

Explore further: Research looks at how a box office success can translate internationally

add to favorites email to friend print save as pdf

Related Stories

SAP profits up strongly in third quarter

Oct 14, 2011

German software giant SAP said Friday its profits more than doubled in the third quarter thanks to strong sales and lower legal costs related to litigation with arch-rival Oracle.

SAP posts 12 percent gain in third quarter profit

Oct 27, 2010

SAP, the professional software giant, posted on Wednesday a third quarter net profit of 501 million euros (690 million dollars), a gain of 12 percent from the same period a year earlier.

SAP CEO resigns, replaced by 2 co-chief executives

Feb 08, 2010

(AP) -- The chief executive of German software company SAP AG, Leo Apotheker, has resigned after his contract was not renewed and will be succeeded by two co-CEOs, the company said Sunday.

Recommended for you

Pandora posts in-line 1Q loss, upbeat sales

6 hours ago

(AP)—Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.

Samsung sells more than 10 mn Galaxy S4 smartphones

18 hours ago

South Korea's Samsung Electronics said Thursday its latest flagship Galaxy S4 had become its fastest selling smartphone to date, topping 10 million units globally less than a month after its debut.

User comments : 0

More news stories

Google Drive sports new view and scan enhancements

(Phys.org) —Google Drive has a new look and functions. The makeover in Google Drive features scanning and interface enhancements that put the user into "card" mode. The enhancements make it easy for the ...

Solar Kettle allows for boiling water off the grid

(Phys.org) —A company called Contemporary Energy has unveiled a new device it calls the Solar Kettle. It looks very much like a normal coffee thermos, but has flaps on one side that open to allow for collecting ...

Review: Google music plan solid, serendipitous

Google's new music service offers a lot of eye candy to go with the tunes. The song selection of around 18 million tracks is comparable to popular services such as Spotify and Rhapsody, and a myriad of playlists ...

Controlling mood through the motions of mitochondria

(Medical Xpress)—Regulating the distribution of power in neurons is done by a system that makes the national electric grid look simple by comparison. Each neuron has several thousand mitochondria confined ...