Dell Inc. is expanding its presence in China, teaming up with Kingsoft Software to launch a new Dell-Kingsoft Cloud as part of a $125 billion investment it’s planning to make in the country over the next five years.

Dell CEO Michael Dell said the company’s “In China, For China 4.0 strategy” will also see Dell Ventures enter the country to back promising startups in support of entrepreneurship and growth in China’s emerging technology industry. To kick things off, Dell Ventures plans to invest in an “Artificial Intelligence and Advanced Computing Joint-Lab” in China, plus other projects related to research and development. Michael Dell noted that China is the world’s second-largest technology market after the U.S., and said that while his company already has 2,000 employees in the country, it’s planning to sustain up to one million jobs through $175 billion in imports and exports.

As for the partnership with Kingsoft, this is aimed at supporting China’s national “Internet+” strategy, which was announced earlier this year. The tie up comes after Kingsoft invested in Chinese data center operator 21Vianet Group Inc. last year, a move that gave it access to 5,000 cabinets for the next three years. Following on from that investment, 21Vianet announced it would host Azure and Office 365 in China until 2018.

“The Internet is the new engine for China’s future economic growth and has unlimited potential,” Dell said. “Being an innovative and efficient technology company, Dell will embrace the principle of ‘In China, for China’ and closely integrate Dell China strategies with national policies in order to support Chinese technological innovation, economic development and industrial transformation.”

Besides teaming up with Kingsoft, Dell has previously announced deals with China Electronics Corporation, the Guiyang Municipal Government, and Tsinghua Tongfang Co., Ltd. earlier this year that are aimed at building out China’s cloud computing industry. With Dell Ventures now planning to make strategic investments in areas like cloud, Big Data, storage, mobility, security and next-generation data centers, the company looks like its on track to become a major player in China’s cloud industry.

The company has also made gains in the global server market in recent months, with much of its growth there driven by demand from China. With the new partnerships, it seems likely Dell will soon find more opportunities to fulfill that demand and strengthen its grip on China.