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Cisco Eyeing IT Businesses In Sichuan
June 16, 2006 |
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Global network equipment giant Cisco (CSCO) is seeking to invest more than $200 million in businesses in Sichuan.
Lin Zhengang, CEO of Cisco China, has disclosed that more than 30 top managers from Cisco China had a two-day meeting in Chengdu to discus how to maintain the company's high growth rate.
Cisco has divided its businesses in China into four regions, and the West Region office is growing most rapidly. Cisco plans to double the staff at its Chengdu office this year.
According to Lin, Cisco has prepared the finance capital for Sichuan market investment and it hopes to soon find appropriate companies in which to invest.
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