IBM Sets Up Camp in China’s Answer to Silicon Valley

International Business Machines (NYSE:IBM) announced today that the company has set up a center in south China’s Hainan province to focus on the development of smart information technology.

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According to officials and sources with the company, IBM will develop cloud computing and the “Internet of Things” technologies in its Hainan center. The “Internet of Things” refers to wireless network connecting objects that include anything from luggage to household appliances by managing the data sent by radio tags on the object.

The latest move is part of the government’s efforts to make Hainan a leader in the country’s smart technology drive. The general manager of the Southern China Region of IBM said that the technology giant will partner with local firms to develop the smart systems that will provide clients with administrative and business solutions.

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