back to article Cisco to sink $16m in cloudy Chinese joint venture with TCL Corp

Cisco is planning to set up a new $80m commercial cloud joint venture with Chinese electronics firm TCL Corp, according to a company filing. TCL told Shenzhen Stock Exchange (translated by Google) that Cisco would invest $16m in the new firm and hold a 20 per cent stake, while TCL takes care of the rest of the investment for …

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