Huawei Technologies and Symantec formally launched their new joint venture on February 5, Symantec announced. The company, headquartered in Chengdu, will distribute security and storage appliances. CEO is Huawei chief Ren Zhengfei. Symantec chairman and CEO John Thompson is chairman.
Multinationals set up 1,160 research centers in China by the end of 2007, according to the Ministry of Commerce.