US software company Microsoft has picked up 10% stake in TCS China, a joint venture promoted by Mumbai-based IT services company, Tata Consultancy Services and three Chinese companies.

The US software behemoth has signed an investment agreement to join the JV, a company statement said. The agreement was signed at an Indo-Chinese business forum, which had been addressed by Chinese President Hu Jintao on Thursday. The entry of Microsoft follows the granting of the business operating licence to TCS China.

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