Reuters Opens $10M Tech Development Center in China

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By: E&P Staff

Reuters Group, a global news and information company, has announced the opening of a development center in China for its key products such as the 3000Xtra desktop terminal.

Located in Beijing?s technology hub, Zhongguancun, the center will also input data that is related to mergers and acquisitions, company financial reports and forecasts, and economic data for markets in China, South Korea, and Japan.

As of September, Reuters has invested approximately $10 million into the facility, and expects to triple the operations staff to 600 within three years.

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