Microsoft, CDBC sign deal to push innovation and smart city development

Source: The China Post on November 4, 2016

Microsoft Corp announced a partnership with China Development Bank Capital (CDBC) on Wednesday to promote technology innovation and smart city development in the country.

The two sides will jointly build up innovation incubators and accelerators to support excellent startups, and explore the new development mode of smart city based on Microsoft's intelligent cloud platform and productivity services.

Alain Crozier, chairman and chief executive officer of Microsoft Greater China Region, said, "I am super excited about the strategic partnership between CDBC and Microsoft, not only because we are aligned in our visions to empower innovators and entrepreneurs in China, but also because, our individual strengths will combine to deliver enormous positive impact."

Crozier said they will provide turnkey technologies for productivity as well as cloud services, tools and technical support, and offer Chinese startups training in marketing, talent development and IT support, and, more importantly, connectivity with the company's global resources.

Zuo Kun, CDBC's vice–president, said the cooperation with Microsoft will strengthen CDBC's strength in smart city and is beneficial to bring the best solutions into China and explore all-round, systematic and repeatable smart city development mode.

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