Cisco Announces $16B China Expansion
November 1st, 2007 By JOE McDONALD, AP Business Writer
Cisco Chief Executive John Chambers, right, toasts a champagne with Jack Ma, chairman and CEO of Alibaba Group after witnessing a joint ventures partnership signing agreement at a hotel in Beijing, China, Thursday, Nov. 1, 2007. Network gear maker Cisco Systems Inc. on Thursday announced a multi-year, US$16 billion (euro11.1 billion) series of initiatives to expand in China with investments in manufacturing, venture capital and education efforts. Chambers said the ventures include a partnership with Alibaba Group, China's biggest online commerce company, to develop business services for small and medium-sized companies. (AP Photo/Andy Wong)
(AP) -- Network gear maker Cisco Systems Inc. unveiled a multiyear, $16 billion expansion in China on Thursday with investments in manufacturing, venture capital and education.
Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .
Similar stories from PHYSorg:
Cisco to supply Clearwire with WiMax devices
May 13, 2009 |
not rated yet |
0
Briefs: Motorola steps up China investments
Mar 16, 2006 |
not rated yet |
0
Cisco earnings fall 21 pct but beat expectations
May 06, 2009 |
not rated yet |
0
Cisco announces its first servers, riling rivals
Mar 16, 2009 |
3.5 / 5 (2) |
0
Brocade deepens IBM ties, steps up attack on Cisco
Apr 28, 2009 |
not rated yet |
0
