File - Cisco seeks to shore up its position against strong domestic rivals.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Cisco plans to invest more than $10 billion in China along with local business partners over the next several years, the U.S. network equipment-maker said Wednesday, as it seeks to shore up its position against strong domestic rivals.Cisco is looking to capitalize on initiatives promoted by the Chinese government including "China Manufacturing 2025," "Internet" and its strategy to deliver more services as cloud-based Internet services.Earlier this year, a Reuters analysis found Cisco was among U.S. technology firms which had been dropped from state procurement lists in recent years.Cisco and archrival Huawei Technologies of China have been battling each other for a decade.
FOLLOW THIS ARTICLE