Foreign

Dell to double investment in China to $250b by 2020

(Agencies)
Updated: 2010-12-15 10:25
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HONG KONG/BEIJING - Dell will likely spend $250 billion in China on procurement and other investments over the next 10 years as it expands in the world's No 2 personal computer (PC) market, the head of its China operations said on Tuesday.

The forecast is more than double the $100 billion over 10 years given last month by another executive at the world's No 3 PC brand, and comes as Dell spends to boost sales to large corporations and in smaller Chinese cities, Amid Midha, Dell's head of greater China and South Asia, said at the Reuters China Investment Summit.

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Dell is on track to spend $25 billion in China this year, and is likely to spend $250 billion over 10 years if it continues spending at the current rate, Midha said.

Dell is now the No 2 PC brand in China with a 9 percent share in the third quarter, ranking behind Lenovo's 27 percent, according to figures from research firm Gartner.