SAP to Spend $2B for Business Growth in China

NEWTOWN SQUARE– announced in a press release on Wednesday, Nov. 15, that the company will spend more than $2 billion in China to further its business growth in the Asian market.

The company intends to deepen its investment in this key global market in order to further underscore its long-term strategic commitment to the world's second-largest economy, states the press release.

Co-CEO of SAP Americas Group Bill McDermott states, "We have successfully grown our business in China over the past 20 years and now want to scale our operations to fully meet the needs of both enterprises and our ecosystem."

McDermott continues, "Our SAP Labs and SAP Research facilities there will continue to drive innovation for our Chinese customer base. We will also create more research and development facilities, hire thousands of people, train more experts and consultants and bring our world-class benchmarking methodology to China - all aimed at helping drive sustainable growth through informatization."

The company identifies four key areas of investment for the business growth in China, including creating solutions, developing solutions, supporting solutions and growing the IT Ecosystem.

"This is an exciting time for SAP China as we embark upon this significant plan," said Hera Siu, president of SAP China, in the press release. "With this increased level of commitment, we are better positioned to help China enterprises run better, thereby contributing to China's transition to a knowledge-based economy, a key component of China's 12th five-year plan. It will also spur broader innovation across the IT industry here for customers and partners throughout the ecosystem."

For more information on this project or to view the full release, visit the company's website here.