Cisco in China: I’d Like to Put US$16 Billion on Red, Please
Shanghai Daily reports that Cisco is planning to invest US$16 billion in China over the next three to five years.
Some details:
- A memorandum of understanding with Alibaba to promote networking services for SMBs
- A doubling of China-based manufacturing
- A joint US$100 million investment with China Development Bank for venture capital for Chinese businesses
- Training and [...]
1.3 Billion Customers are for Suckers
Shanghai Daily reports that Dell has found a local partner to implements its retail sales strategy:
Under the deal, announced yesterday, Dell computers will be marketed in 700 Gome Electrical Appliance stores within three to five months, 70 percent of the chain’s total outlets in China, according to Gome Vice President Wang Junzhou.
There’s a quote from [...]
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