In a statement, SAP co-CEO Bill McDermott said the company will also establish more research and development facilities, hire thousands of people and train more experts and consultants in the country.
More specifically, SAP aims to hire approximately 2,000 people and open five to six new offices across the country over the next four years.
An executive of the business software maker told Reuters on Monday that SAP is also open to acquisitions in Asia, more specifically in India and China. The Asia-Pacific region reportedly accounted for around 14 percent of overall SAP group revenues in 2010.
The announcement of SAP’s multi-year spending plans in China was made this morning at SAPPHIRE NOW + SAP TechEd, being held as a co-located event in Beijing.