SAP is set to spend more than US$2 billion through 2015 in China, the company said Tuesday at its event Sapphire Now + SAP TechEd held in Beijing.
SAP co-CEO Bill McDermott said the spending plan aims to further underscore its long-term strategic commitment to China -- the world's second largest economy.
"We will create more research and development facilities, hire thousands of people, train more experts and consultants and bring our world-class benchmarking methodology to China -- all aimed at helping drive sustainable growth through informatization," McDermott noted.
"With this increased level of commitment, we are better positioned to help China enterprises run better, thereby contributing to China's transition to a knowledge-based economy, a key component of China's 12th five-year plan," said Hera Siu, president, SAP China.
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