Cisco and China Development Bank Partner for Technology Initiatives
Posted on: Thursday, 1 November 2007, 18:00 CDT
Cisco has announced that it intends to collaborate with China Development Bank to invest in innovative Chinese companies leading the country's sustainable economic development.
The joint initiative will focus on Chinese companies with strong growth potential who are deploying innovative technologies in a range of market segments, including information technology and communications, green technology, education and healthcare, and other priority areas that underpin China's long-term sustainable growth.
John Chambers, chairman and CEO of Cisco, said: "Cisco has a long track record of driving IT market growth through investment in the innovation economy. By collaborating with the CBD - the key policy bank driving China's market-led and balanced development initiatives - we believe we can make a meaningful impact to support high growth companies in China that are supporting sustainable long-term development."
Source: Datamonitor
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