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Cisco Bets on China for the Next Wave of Inernet & Web 2.0 Development

China's strategic importance to Cisco’s global operations and the broad range of growth opportunities presented by the China market

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peanut oil biodiesel history Cisco, the networking equipment manufacturer could spend as much as $16 billion on a multi-year initiative announced November 1, 2007. The move signals the beginning of Cisco's next chapter in China, a country in which the company began significantly investing 13 years ago.

"These announcements underscore both China's strategic importance to Cisco’s global operations and the broad range of growth opportunities presented by the China market, particularly as an innovator in the next wave of the Internet’s development in collaboration and Web 2.0 technologies," said Cisco Chairman and CEO John Chambers.

The strategy includes the company’s first green technology center dedicated to sustainable development, energy efficiency, electronic waste reduction and emissions reduction both in and out of China.

The center will expand the company’s research and development of application specific integrated circuits power efficiency design.

Cisco will invest $17.5 million in, China’s largest business-to-business online portal. The partnership will devise business management solution for small and medium Chinese businesses. Cisco also will create product and research teams to develop networking equipment to address the small to medium-sized business market, as well as emerging countries markets.

During the last five years, Cisco has bought more than $7 billion in Chinese components and services as part of its virtual manufacturing supply chain. That figure under Thursday’s initiative is expected to significantly increase.

The company signed a memorandum of understanding with China Development Bank to investigate the viability of a joint investment program to finance and advise innovative, high-growth Chinese businesses, with an emphasis on those in the areas of information technology, green technology.

Cisco established $400 million in incremental funding for Cisco Systems Capital China to offer financing to Cisco customers in China during the next three to five years. Cisco Systems Capital China has previously funded $60 million in customer assets to date.

Cisco also will expand its Networking Academies program with China’s Ministry of Education to add 300 academies in vocational colleges during the next three years. There are now more than 200 Networking Academies in 70 Chinese cities that have trained more than 90,000 students. Thursday’s initiative will more than double that capacity by 2010.

Edited by Carolyn Allen, owner/editor of California Green Solutions
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