Nokia China Investment Co., Ltd.

Overview

Nokia China Investment Co., Ltd. (NCIC) is a wholly-owned subsidiary of Nokia Corporation, the Finnish multinational telecommunications, information technology and consumer electronics company. Established in 1992, NCIC has a registered capital of USD 55 million and is headquartered in Beijing, China. The company operates in four business segments: Mobile Networks, Fixed Networks, IP/Optical Networks, and Applications & Analytics.

Investment in China

NCIC has been actively investing in China since its establishment, aiming to tap into the world's largest mobile phone market. In 2005, NCIC built its first Asia-Pacific R&D center in Beijing, which has since become Nokia's largest R&D center outside of Finland. In addition, the company has established joint ventures with China Huaxin Post & Telecommunication Economy Development Center and China Putian Information Industry, focusing on mobile network infrastructure and manufacturing of mobile phones respectively. Moreover, NCIC has been participating in China's 5G network construction, partnering with China Mobile, China Unicom and China Telecom in various projects.

Future Development

NCIC has been actively adapting to the rapidly changing market environment in China, while continuing to invest in research and development, product design, and customer service. The company has set up strategic partnerships with leading Chinese technology players such as Tencent and China Mobile, and has also invested in cutting-edge technologies such as artificial intelligence and the Internet of Things. Looking ahead, NCIC will continue to focus on innovation and quality to enhance its competitiveness in the market, and is committed to contributing to the development of China's technology industry. In conclusion, as a leading player in the telecommunications industry, NCIC has demonstrated its commitment to China and contributed to the development of the country's technology industry. The company's investment in China will not only benefit its own business, but also help drive the development of the wider industry and contribute to the growth of the Chinese economy.