- Cisco (NASDAQ:CSCO) is expected to announce a partnership in China with Inspur Group as it makes a bold move to adjust to a difficult local market.
- The company's revenue in China estimated to have fallen off 30% from a peak of $2.04B in fiscal year 2012.
- Cisco's interest in the upstart server maker shows its willingness to try a different tactic in China. It's also a bit of a departure for a tech concern that has worked closely with the Chinese government in the past.
- Sources expect the announcement by Cisco to be made tomorrow while Chinese President Xi Jinping is being entertained in Seattle.