Cisco Systems Expands to China

Today Cisco Systems announced a 16 billion dollar expansion into the China market over the next five years.. The agreements involve a cooperation with the Alibaba Group, whom is China's biggest online commerce company, to plan on developing business services for small and medium size companies. Cisco also plans to implement China's innovative ideas toward the new Web 2.0 technologies. The company also has plans to expand its networking academy, as well as work with government on a investment opportunity for businesses. The original story is available on Cisco's Official Press Release.