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IBM plans China expansion
By AMY CHEUNG
Published: August 24, 2006 12:00 AM
IBM said on Wednesday it could open four offices annually in second-tier Chinese cities in coming years to take advantage of China’s economic growth and human resources, Reuters reported. Any expansion would come after IBM's Asia-Pacific office completed its move to Shanghai from Tokyo this year, attracted by vibrant growth and deep talent pools in China. The move also brought the company closer to India, IBM's fastest growing market. "We set up four new offices last year," Michael Cannon-Brookes, vice president for business development in China and India, told Reuters on Wednesday, "And that pace is sustainable in the near term."
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