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itvoir.com
April, 19 2010
Cisco System Inc. has decided to set up investment and acquisition in China despite of the trade conflicts and tensions between Washington and Beijing, in order to secure its own place in the market, which is very tricky.
China is already the world''''''''''''''''s largest Internet and mobile phone market, which has made itself even more crucial for the network equipment maker''''''''''''''''s growth. China has gained a lot of growth due to its latest technologies. Cisco has been facing a lot of competition from the Chinese companies that have been enjoying overwhelming leads in their markets.
Overcoming this problem, Cisco has decided to join its hands with the local companies in order to compete with the companies like Huawei Technologies Co Ltd and ZTE Corp. It will also help them to regulate their local regulations without any hassles and to enjoy the full benefits.
China has been proved to be the high growth market but at the same time it also creates a lot of challenges for the IT companies. Foreign companies in order to overcome these problems rely on the joint-ventures or local partnerships to enter in the business.
Disputes between the United States and China are reasons to expand, rather than pull out of local partnerships. China is planning an "indigenous innovation" policy to promote its own (homegrown) technology.
Himanshu Sethi/ITvoir Network
http://www.news.com.au/technology/microsoft-pulls-kin-sexting-ad/story-e6frfro0-1225855491211
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