Citigroup has opened a new offshore software development and technology centre in Dalian, China. The centre, which forms part of Citicorp Software and Technology Services (CSTS), will emply up to 300 staff and provide software development and maintenance and business process outsourcing services to Citigroup businesses in Asia and around the world, especially those requiring Japanese or Korean language capabilities.

Headquartered in Shanghai, CSTS has branches in Guangzhou and Zhuhai in addition to Dalian. The subsidiary currently has more than 1600 employees in all three branches, about 75% of whom are software developers. ( Finextra )

• Patsystems Partners with VanceInfo to Launch Offshore Centre in Beijing
• Fiserv CBS Worldwide, Digital China Sign New Client in China
• UCBH Holdings Acquires Shanghai Business Development Bank
• Deutsche Bank China Incorporates in Beijing
• Citigroup-Led Consortium Wins Bid for Guangdong Development Bank
• UCBH Holdings Opens UCBC, Completes First Phase of Investment Cooperation with Mingsheng Bank
• SOFTBANK and Alibaba.com Create Joint Venture in Japan
• Longtop Acquires Jactus, Establishes Risk Management Laboratory