In my role during the past two years, I have witnessed the dramatic increase in Chinese investments and, together with our team, supported numerous Chinese companies to enter Finland.
So what it is that attracts Chinese investors to Finland?
There is a clear pattern here. The majority of the Chinese investments in Finland focus on high tech.
In 2016, Tencent acquired 84 percent of the gaming company Supercell. The worth of the total acquisition was a whopping eight billion euros. In addition, China-based National Semiconductor Industry Group (NSIG) acquired Finnish Okmetic for 170 million euros. Furthermore, Chinese smart device platform technology company Thundersoft picked up Rightware, a Finnish provider of automotive user interface software. The deal was worth 64 million euros.
The focus on high tech highlights China’s strong economic growth and its structural upgrade to knowledge intensive industries.
Secondly, “Double Innovation” is a national initiative currently implemented in China. China desires stronger innovation capacity. Finland is an ideal innovation partner for China.
Active co-operation between companies and researchers, a booming start-up scene and strong national innovation funding together create a fruitful environment for new innovations. Finland can serve as a testbed for new products and solutions, as well as a vehicle for business and R&D co-operation between companies.