A Chinese tech firm and Microsoft are expected to form a joint venture that will create secure Windows-based operating systems for Chinese government organs and state-owned enterprises.
The two sides signed a memorandum on the joint venture on Thursday in Wuzhen, east China's Zhejiang Province. China Electronics Technology Group Corporation will hold a 51-percent stake in the venture with registered capital of 40 million U.S. dollars.
"The new company will dedicate itself to improving China's software R&D capabilities and helping safeguard the country's cybersecurity," according to a joint statement.
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