The New World Business Solution Corp., which is incorporated with the largest amount of registration capital among software companies in China, has set up its research and development center in Beijing where the company is based.

The center will absorb 2.5 billion yuan of investment in the next three years on the development of high-end human resource management, compensation management, tax engine, and mobile IP-based communications application. Some 1,000 R&D staffs will work there by the end of 2006.

The ERP (enterprise resource planning ) is the focus of the New World Business Corp. which is wholly funded by Hong Kong based New World Business Solution Holding and has subsidiaries in the US, Europe and Hong Kong.

By People's Daily Online