Bink.nu reports that within the next three to five years, Microsoft will invest 1 billion USD annually in China. China is the world's second largest Internet market, with 111 million users.
On Wednesday, Microsoft established a new R&D group in Beijing and merged the original online MSN department along with the technical support and R&D center into this new group. In addition, Microsoft plans to increase the number of employees in its China R&D Group from the current 800 to 3000 by the end of 2008.