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Intelligent cities focus of US$1b investment
By Zhu Shenshen |
April 18, 2009, Saturday
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Print Edition
Print Edition
CISCO Systems Inc aims to invest US$1 billion in China, through cooperation with universities and domestic enterprise partners, to develop intelligent city technologies and next-generation networks, the United States-based firm said yesterday in Beijing.
The investment is part of Cisco's US$16 billion investment announced earlier.
The US$1-billion investment will be poured into a project which will initially focus on three sectors: intelligent urbanization; new business model initiatives for growth enterprises; and next-generation Internet including video and mobility, Cisco said.
Cisco, the world's biggest networking firm, also announced the opening of a green lab with Tsinghua University. The lab will develop network-based technologies for intelligent urbanization to support China's long-term strategy of green GDP growth, energy savings and emissions control.
Cisco also plans to establish a supply chain institute with Fudan University.
"The announcement further demonstrates our strategic approach to capturing local innovation, win-win partnerships, and leadership development through collaboration," said John Chambers, Cisco's chairman and chief executive officer.
China, with the world's greatest Internet population of about 300 million, is Cisco's key market, industry insiders said.
Meanwhile, Cisco intends to cooperate with Beijing-based Tongfang to explore markets for intelligent urbanization in China, which lets cities adopt the network as a platform for integrated city management, better quality of life for citizens and economic development
Last month, Cisco invested in Shanghai DigiVision, provider of a high definition cable TV platform.
On Tuesday, it announced a five-year investment of US$2 billion in South Korea.
The investment is part of Cisco's US$16 billion investment announced earlier.
The US$1-billion investment will be poured into a project which will initially focus on three sectors: intelligent urbanization; new business model initiatives for growth enterprises; and next-generation Internet including video and mobility, Cisco said.
Cisco, the world's biggest networking firm, also announced the opening of a green lab with Tsinghua University. The lab will develop network-based technologies for intelligent urbanization to support China's long-term strategy of green GDP growth, energy savings and emissions control.
Cisco also plans to establish a supply chain institute with Fudan University.
"The announcement further demonstrates our strategic approach to capturing local innovation, win-win partnerships, and leadership development through collaboration," said John Chambers, Cisco's chairman and chief executive officer.
China, with the world's greatest Internet population of about 300 million, is Cisco's key market, industry insiders said.
Meanwhile, Cisco intends to cooperate with Beijing-based Tongfang to explore markets for intelligent urbanization in China, which lets cities adopt the network as a platform for integrated city management, better quality of life for citizens and economic development
Last month, Cisco invested in Shanghai DigiVision, provider of a high definition cable TV platform.
On Tuesday, it announced a five-year investment of US$2 billion in South Korea.
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