Riding on its robust growth in China, global Internet networking giant Cisco Systems is set to invest more in the market with a large funding pool at its disposal, according to James Richardson, Cisco’s global senior vice-president in commercial business.
“Cisco has around US$15 billion in cash, a very strong balance sheet it’s a very healthy company. We invest globally through strategic investments. We had a very successful track record co-investing here with Chinese partners in technology firms. We are always looking for investments and fill the investments that are available for us here in the Chinese market,” said Richardson in an interview on Friday.[Full Text]
About Cisco’s business dilemma in China, see “Western companies under fire over media controls in China”