Hopkinton, MA’s EMC (NYSE: [[ticker:EMC]]) announced today that it is doubling its planned investments in China, to a total of some $1 billion over the next five years. The storage giant said the funds will go toward “expanding [its] R&D operations, growing its partner community, strengthening its sales and service capabilities and more effectively serving the rapidly growing Chinese market.” The firm also officially opened its new R&D center in Beijing, bringing its total number of employees in the Asia Pacific and Japan region to 4,700.
Author: Rebecca Zacks
Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.
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