The Journey of Nokia China Investment Co., Ltd.
The Beginning of Nokia China Investment Co., Ltd.
Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics company. At the end of 1970, Nokia started to focus on the telecommunications equipment market and became a pioneer in mobile phone technology in the 1980s. As the Chinese market began to open up and develop rapidly in the 1990s, Nokia set up its first representative office in Beijing in 1992 and entered the Chinese market officially in 1995. In 2003, Nokia China Investment Co., Ltd. was established in Beijing as the holding company for Nokia's investments and operations in China.The Development of Nokia China Investment Co., Ltd.
As one of the most important markets for Nokia, China has always been an important part of Nokia's global strategy. Nokia invested significantly in the development of its R&D capabilities in China and established a research and development center in Beijing in 1996. The Nokia Beijing R&D Center has become one of Nokia's largest R&D centers globally, with a team of more than 1,500 R&D professionals. In addition to R&D, Nokia China has been providing a variety of Nokia products and services to Chinese customers, including mobile phones, IT equipment, software, and digital maps.In 2016, Nokia acquired French telecommunications equipment company, Alcatel-Lucent. The acquisition enhanced Nokia's overall capabilities and strengthened its presence in China. The acquisition enabled Nokia to increase its investment in China and expand its portfolio of products and services.The Future of Nokia China Investment Co., Ltd.