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CNET News.com: China invests in Linux revolution

Mar 20, 2001, 21:00 (7 Talkback[s])
(Other stories by Bloomberg News)

[ Thanks to ll for this link. ]

"China's government said it will invest in Red Flag Software, China's largest Linux software developer, to try to curb Microsoft's dominance of the country's software market."

"CCIDNET Investment, a venture capital investment company owned by the Ministry of Information Industry, will become Red Flag's second-largest shareholder after the China Academy of Science, and will help the company list on a stock market in China or abroad."

"The Linux industry has a great outlook," said Chen Dazhi, president of CCIDNET. "Red Flag has good products as well as a good management team and is the best Linux producer in China."

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