Nokia and New Alliance form new joint venture in China
The 50/50 joint venture is called Nokia Alliance Internet Services Company Limited. Nokia doesn’t give too many exact details about it – although Niklas Savander, Nokia’s Executive Vice President of Services, said that it would allow them “to offer a suite of selected Nokia Ovi services, as well as work with local content developers to help bring their applications to market.”
The Nokia Alliance Internet Services Company Limited joint venture will be open for business in the first month of 2010, initially involving about 80 people.
Part of the Shanghai Alliance Investment Ltd, New Alliance has projects related to the Telecom, technology, media, medical, pharmaceutical, environmental and new energy industries.