Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Cisco Reveals China Investment Initiatives

Sohu IT, 11/01/07

Cisco president and CEO John Chambers revealed plans to invest USD 16 bln in China over the next three to five years. Since 2002 Cisco has invested over USD 8.5 bln in the country.

Cisco has signed a Memorandum of Understanding with the China Development Bank on joint investments in IT technology, 'green' innovation and other key fields.

Cisco is also to partner with the Ministry of Education to establish 300 Cisco Network Technology Colleges in vocational institutions in central and western China. Cisco currently has 200 colleges in 70 Chinese cities, and has trained 90,000 students.

Cisco is also to invest approximately USD 17.5 mln in Alibaba Group subsidiary Alibaba.com Limited as part of the company's Hong Kong IPO.

Keywords: Cisco strategy China Development Bank Ministry of Education training government relations western China central China Alibaba telecom

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports