Microsoft's investment arm set for first deal in China
The investment arm of Microsoft has entered the Chinese market, and the company said the first acquisition might be completed soon.
Lin Weiqian, China president of Microsoft Ventures, said the newly established company integrates the BizSpark program and the Bing Fund seed investment initiative under one umbrella to make things as easy as possible for entrepreneurs.
"We are close to completing the first acquisition in China," Lin said at a Beijing briefing this month.
Zhang Yaqin, vice-president of Microsoft said: "We have no upper limit for the investment fund. If there is an appropriate opportunity, we will make a move."