Finland’s Nokia Corp., the world’s largest mobile phone maker by volume, said it is moving its Asia-Pacific headquarters to Beijing from Singapore as part of plans to raise business efficiencies and meet savings targets.
The move is a disappointment for Singapore, which along with other Southeast Asian nations has been scrambling to hold on to (or win back) Western investment after years of rising interest in China, whose rapid growth and giant consumer market helped it eclipse the one-time “tiger” economies of Southeast Asia over the past decade. Full story
Related:
Nokia moves Asian headquarters from Singapore to Beijing in order to save money - intomobile.com
Nokia to move Asia-Pacific headquarter to Beijing - China.org.cn
