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Cisco and Haier Develop Collaboration Framework for China and International Markets
| Source: Cisco Systems, Inc.
QINGDAO, CHINA--(Marketwire - September 25, 2007) - Cisco® (NASDAQ : CSCO ) and the Haier Group
-- China's largest manufacturer of white goods -- announced a wide-ranging
collaborative cooperation that will see the companies work together on a
broad range of opportunities in both the Chinese and international markets.
Under the terms of the cooperation, Cisco and Haier announced their
intention to explore sharing best practices in group management and
processes, financial management and controls, strategic investments and
capitalization cooperation, construction of information infrastructure and
home networking systems.
The Haier Group, known as the world's 4th largest white goods manufacturer
and one of China's Top 100 IT companies, has diversified operations
throughout the world and has 50,000 employees. Haier is expanding its brand
in international markets. Over the last two years, the group has been
venturing into the networked appliance market by combining its advantages
in product development, marketing and channels operations, aided largely by
networked information technology.
Haier is also a large and strategic Cisco customer in China. The group's
world-class adoption of networked information technology relies on Cisco
equipment throughout its operations.
Zhang Ruimin, CEO of Haier, said, "It is Haier's aim to construct an
outstanding business model, so as to develop into a world leading white
goods manufacturer. We are a market leader in China, but are working to
establish a strong brand presence in overseas markets. We believe it is
necessary to take advantage of Cisco's business practices as a model for
efficient international expansion, particularly in areas like customer
service that rely heavily on networked information technology. We are
looking forward to enhancing our work with Cisco and sharing best practices
in both the China and overseas markets to enhance our common
competitiveness."
"The network has become a platform for communication between people,
bringing brand-new experiences to our life. In our cooperation with Haier,
Cisco will share its experiences in using networking technologies to
improve corporate competitiveness, drawing on the local management and
operation practices of Haier. At the same time, we will deepen our
commitment to the market for home and individual users, to provide
personalized and innovative networking experiences for consumers," said
Thomas Lam, President of Cisco China.
About Haier Group
Haier Group (http://www.haier.com) is the world's 4th largest white goods
manufacturer and one of China's Top 100 IT companies. The group has 240
subsidiary companies and 30 design centers, plants and trade companies and
more than 50,000 employees throughout the world. Haier is specialized in
technology research, manufacturing industry, trading and financial
services. The revenue of the group in FY2006 around the globe was RMB107.5
billion (USD $B14.2).
About Cisco Systems
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respective owners. The use of the word partner does not imply a partnership
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