Cisco Develops Initiative with China Development Bank
November 15, 2007 // Published as a news service by IHS
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Cisco Systems Inc. will collaborate with China Development Bank (CDB) to invest in Chinese companies leading the country's sustainable economic development.
The joint initiative will focus on Chinese companies with growth potential who are deploying technologies in market segments such as information technology and communications, green technology, education and health care, according to Cisco.
To manage the program, Cisco and CDB will establish a steering committee to oversee collaboration and decisions between the parties.
Representatives of CDB and Cisco will hold meetings to review and facilitate potential opportunities and existing collaboration projects.
"By collaborating with the CBD … we believe we can make a meaningful impact to support high growth companies in China that are supporting sustainable long-term development," said Cisco Chairman and CEO John Chambers.
Source: Cisco Systems Inc.