[photopress:IT_John_Cisco.jpg,full,alignright]Cisco Systems’ chief executive John Chambers has announced that Cisco and EMC will work closely together on various projects, particularly data centers, so this ties in with the following story.
John Chanbers is one of the seriously good guys in the IT industry. Before Cisco he was at Wang and before that at IBM. He is a favorite interview of all IT journalists.
Cisco will be spending US$16 billion in China with investments in manufacturing, venture capital and education efforts.
The ventures include a partnership with Alibaba, China’s biggest online commerce company, to develop business services for small- and medium-sized companies.
Other efforts include doubling Cisco’s manufacturing in China, a venture capital partnership with a government bank and support for technology education.
The company says its total commitments in China to date are US$8.5 billion.
Cisco and the government-owned China Development Bank will explore a joint US$100 million program to provide capital and expertise for innovative Chinese businesses. John Chambers said that would include companies in information technology, health care, communications and other fields.
Cisco and Alibaba agreed to explore collaboration in web-based business services for small- and medium-sized companies and expand Alibaba’s overseas market.
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