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Telecommunications equipment industry

Nokia Invests in China's Zhejiang Province with the Establishment of Nokia Software Park

Strategic Insights

— 1 min read

Nokia has announced the start of construction of its Nokia Software Park in east China's Zhejiang Province, marking a significant investment trend for the transnational company in China. This move follows Nokia's success in obtaining the lion's share of the Chinese mobile phone market and the 3G equipment market in the grand China region last year. The new park is an extension of Nokia's Hangzhou R&D centre and will serve as a hub for the company's research and development activities in China. With the aim of generating an industrial chain of mobile communication application software, the park is expected to attract related software enterprises and create a global R&D system for Nokia.

Key Takeaways:

  • Nokia will construct the Nokia Software Park in east China's Zhejiang Province, which represents an important investment trend for the company in China in 2005.
  • The park will be an extension of Nokia's Hangzhou R&D centre and will have more than 500 employees in a year.
  • The technical platform of the Nokia Software Park will attract many related software enterprises to settle in the park, focusing on generating an industrial chain of the entire mobile communication application software.
  • The park aims to create an industrial chain that suits not only the Chinese market but also Nokia's global R&D system.
  • The China-based R&D has become an important part of Nokia's global R&D, with many research results of Chinese characteristics becoming the spotlight of Nokia products worldwide.
  • Nokia has built the Xingwang (International) Industrial Park in Beijing, which focuses on manufacturing of mobile communication terminals and equipment.
  • Chen Jianzhong, head of the Industry and Cooperation Division of the provincial Department of Information Industry, pointed out that Nokia is badly in need of more places for R&D, with the existing scale of its global R&D centre in Hangzhou failing to meet the demand.

Statistics:

  • The Nokia Software Park will have more than 500 employees in a year.
  • Nokia obtained the lion's share of the Chinese mobile phone market and the 3G equipment market in the grand China region last year.
  • Nokia has already established the Xingwang (International) Industrial Park in Beijing, focusing on manufacturing of mobile communication terminals and equipment.

Sources:

  • [Asia Pulse, March 7, 2005] - "Nokia to Start Building Nokia Software Park in East China's Zhejiang Province".

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