Cisco invested $ 16 billion in China

The world's largest network equipment manufacturer Cisco Systems has announced plans to invest $ 16 billion in the Chinese market to build its image and expand its influence in one of the telecommunications markets. The world's most dynamic.

The plan is to expand purchasing, production, and R&D capabilities; At the same time, to increase investment capital in the education sector and for companies with high growth rates through investment fund mechanisms.

" We will turn to another site in this market (China) where we get very positive support from the government and there are many opportunities that are welcoming ," said John Chambers, president cum president. Cisco CEO.

Before that (October 30), Cisco also committed to invest 1.16 billion USD in the Indian market in two years. These moves suggest that Cisco is strengthening resources for new telecom markets.

Most of the $ 16 billion will be spent on acquiring other companies, typically Cisco will spend $ 17.5 million to buy Alibaba.com.

Cisco also signed a memorandum of understanding with China Development Bank to establish a $ 100 million program to support capital and experts for high-growth Chinese companies. It is known that in the past few years, Cisco has invested more than $ 700 million in newly established Chinese companies.

Van Han