Microsoft sells MSN China operations

Microsoft sells MSN China operations

Beijing, Aug 31 (IANS) US tech giant Microsoft has sold MSN China — a Chinese edition of its global web portal — to its local partner Xichuang Technology (Beijing) Co. Ltd founded by the portal’s top executive.

Microsoft said on its official blog that it had signed an agreement to sell MSN China, effective from September, reported Chinese website caixin.com.

The financial terms were not disclosed.

Xichuang Technology was co-founded late in 2015 by Liu Zhenyu, MSN China’s former General Manager.

According to the report, Microsoft’s MSN China portal never took off owing to government regulations and stiff competition from local rivals.

MSN China has strong rivals like Sina and Tencent but according to Microsoft, China is still one of its strategic markets.

“After selling off the unpopular unit, Microsoft will continue to invest in China in other businesses, including computing and cloud services,” the statement said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here