The joint venture, Hitachi Beijing Tech Information Systems Co.,is due to be established in October with an initial capital of 100million yen (854,700 US dollars) and a workforce of 30, Hitachi said. Hitachi will own a 50 percent equity stake in the new company, with 10 percent held by Hitachi (China) Investment Ltd. and 40 percent by a business arm of Beijing University of Technology, it said.
The joint venture will develop and provide technologies and products tailored for China's e-government projects and create relevant systems based on the expertise Hitachi has built up in the market for Japan's e-government business.
The move comes two years after Hitachi and Beijing University of Technology formed an alliance, under which they opened an e-government showroom at the university.
Quelle: Xinhua News Agency
