Founded in 1984 in the United States, it is a Fortune 500 company and the world's leading Internet solution provider, providing enterprise network, data center, security and collaboration solutions
Cisco is the world's leading provider of networking solutions. Today, the web as a platform is an integral part of business, education, government, and home communications, and Cisco's Internet technology is the foundation of these networks.
Global business development
Cisco is one of the most successful companies in the United States. Founded in 1984 by a couple of professors at Stanford University, the first router was produced in 1986, allowing different types of networks to reliably connect to each other, setting off a communications revolution. Cisco invests more than $4 billion annually in technology research and development. Over the past 20 years, Cisco has become almost synonymous with "Internet, Web Applications, Productivity", and Cisco has become a market leader in every area it enters.
Since going public in 1990, Cisco's annual revenues have risen from $69 million to $39.5 billion in fiscal 2008. Today, Cisco employs more than 65,000 people worldwide. Ranked 57th on the 2009 Fortune 500 U.S. and was selected as one of the world's most admired companies by Fortune for the eighth time. Cisco was also ranked 17th in the 2008 Top 100 Global Brands.
Cisco currently has the world's largest Internet commerce site, and more than 90% of the transactions in the company's global business are completed online. At Cisco, we believe that the Internet will change the way people work, live, learn, and play, and that many leading companies and partners will benefit from the "global networked economy" model. Among the Fortune Global 500 companies, more than 300 companies, including Wal-Mart and Exxon Mobil, have become successful customers of Cisco, sharing Cisco's best practices.
Rooted in China
Cisco entered the China market in 1994 and now has more than 3,400 employees in China in sales, customer support and service, research and development, business process operations and IT service outsourcing, Cisco financing and manufacturing. Cisco has 16 business branches in China and a large R&D center in Shanghai.
In October 2005, Cisco officially opened its Shanghai R&D Center, which will further enhance Cisco's ability to customize products to meet the changing needs of telecom operators in China, Asia and around the world.
In May 2006, in order to respond to the increasing demand for network services in the Chinese market and provide more comprehensive and direct support to local customers, Cisco Systems (China) Information Technology Services Co., Ltd. was established in Beijing. The company focuses on providing comprehensive network lifecycle services to customers in China, helping users plan, design, implement, operate, and optimize networks to successfully deploy and use network technologies.
In November 2006, Cisco Systems (China) Financial Leasing Co., Ltd. was formally established, which will help customers better manage their cash and assets and adopt innovative and flexible financial solutions while meeting customers' network technology needs.
On November 1, 2007, Chairman and Chief Executive Officer of Cisco, Inc., John Anderson? John Chambers visited China and announced that innovation and sustainability are the priorities of Cisco's growth strategy in China. Cisco plans to commit $16 billion in China over the next three to five years, including a significant increase in local procurement, as well as increased investment in education, Cisco financial leasing, research and development, direct and indirect investments, and sales and service operations.
On April 16, 2008, Chairman and Chief Executive Officer of Cisco, John Brown, announced that the Chairman of the Board of Directors and Chief Executive Officer of Cisco? Chambers visited China again and announced Cisco's next phase of corporate growth and blueprint in China in Beijing. As an important step in its "Innovation and Sustainability" strategy, Cisco will continue to strengthen its cooperation with the Chinese government and industry, and align with China's economic, social, and environmental development goals. During Chambers' visit to China, Cisco signed memorandums of understanding with the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) to increase investment in R&D, education, procurement, investment, and training.
At the same time, Cisco invested 20 million US dollars to cooperate with Peking University to establish the Guanghua-Cisco Leadership Institute, which is the first international academic exchange platform jointly created by Cisco and educational institutions in the world, facing senior managers of governments and enterprises, and cultivating more international modern management talents for China.
In the aftermath of the unprecedented earthquake in Sichuan in May 2008, Cisco acted quickly and quickly decided to provide a total budget of at least 300 million yuan for education and health over the next three years. Cisco will work with governments and industry to create a 21st-century education and healthcare model underpinned by connected information and communication technologies. With the help of 21st-century connected technologies, the gap between urban and rural areas will be narrowed and public resources in education and health will be shared more broadly.
In addition to technology research and development and business advancement, Cisco is also committed to stimulating a local innovation culture in China, and Cisco has invested $700 million in a number of local companies in China, and will increase the investment by $350 million in the next five years. At the same time, Cisco also attaches great importance to helping China educate and cultivate network talents, and by 2011, Cisco will add 300 new Cisco Networking Colleges to many higher vocational colleges, and the total number of students participating in Cisco Networking Academy training will increase by 100,000. In 2009, Cisco Systems China won the "Most Respected Enterprise in China of the Year" award for the third time by the Management Case Center of Peking University and the Economic Observer. In addition, Cisco has been awarded the "Best Corporate Citizen of the Year in China" award by 21st Century Press Group for four consecutive years.
In January 2010, Cisco announced that it would re-divide Asia Pacific and Japan into three regions to better facilitate strategy and resources for each market in the region. Chinese mainland, Hong Kong and Taiwan, which are part of the former Asia Pacific region, will form an independent Cisco Greater China region. Given the scale and growth rate of China's economic development, as well as the importance that Cisco attaches to its business in China, the establishment of a separate Greater China region is another major step in Cisco's China strategy.
