Nokia establishes special unit to help large-scale Chinese internet firms expand overseas
June 29 2017 - 2:01AM
June 29, 2017
Beijing, China - Nokia Chairman Risto Siilasmaa met today
with high-ranking Chinese authorities and shared the company's
plans to launch a special unit to support major domestic webscale
players in their efforts to expand overseas.
The team, which will be part of Nokia's strategy organization
and led by Chief Strategy Officer Kathrin Buvac, aims to support
and accelerate the international expansion of large-scale Chinese
internet firms, focusing on areas like data centers, cloud, IP
routing, transport and services. Nokia will also lend its expertise
in new, growing technologies including edge cloud, artificial
intelligence and machine learning.
The creation of the unit supports Nokia's strategy of expanding
its business beyond its core communication service provider market.
It comes on the heels of the start of operations of the Nokia
Shanghai Bell joint venture in China, and underlines Nokia's
decades-long commitment to China and to supporting Chinese economic
growth.
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