Latest Scandinavian Business News

Nordics-China creates Artificial Intelligence Fund

Chinese business accelerator COMB+ and the Beijing Institute of Collaborative Innovation (BICI) have announced (in connection to Slush 2017 in Finland) the creation of a new Artificial Intelligence Fund with a target size of €65 million. The fund will focus on international technology start-ups entering the Chinese market. The fund is part of the Comb+…

Singapore 2018 host for Denmark-based innovation Lab ‘Unleash’

During the inaugural UNLEASH 2017 in Denmark, 1,000 talents from 129 countries worked on solutions within themes relating to the Sustainable Development Goals (SDGs). In 2018 the Unleash Innovation Lab moves on to Singapore, to which applications are open. 1000 carefully selected young talents from across the world will get to collaborate on ideas and…

Swedish Versasec opened Singapore Office

Versasec, the leader in smart card management systems, has opened of its new Singapore office (December 2017) serving resellers, customers and prospects in the Asia-Pacific region. The new Singapore office is Versasec’s second office opened in 2017, and joins the company’s existing locations in Dubai, the US, Germany, France, the UK and company headquarters in…

Ascend Capital early-stage Finnish tech companies investment

Ascend Capital Partners has invested in over 24 million euros in four early-stage Finnish tech companies aiming at expanding their market into China. These new investments were officially announced at the highly popular startup and tech conference, Slush, held annually in Helsinki, Finland. Ascend made the public announcement at a China-specific event sponsored by COMB+…

New Chinese Stora Enso polyethylene coating plant inaugurated

Around 170 guests attended the official inauguration of Stora Enso‘s new polyethylene (PE) coating plant at the consumer board mill in Beihai, China on 19 December. Stora Enso has invested EUR 31 million in the PE coating plant, following its establishment in the Guangxi region in China as a response to increasing demand on the…

Nokia, Huawei entered patent license agreement

Nokia (Finland) announced on 21 December that it had signed a multi-year patent license agreement with Huawei. “Huawei is one of China’s largest companies and is among the world’s leading smartphone manufacturers and we are delighted to welcome them to our family of patent licensees,” said Maria Varsellona, chief legal officer at Nokia. Details of…

Nils Nordh: shipping executive, World Amateur Golfers’ Chairman & CEO

Few people cleverly match business with pleasure as does expat Dato’ Nils Nordh. This well-known Swede (not least in Malaysia where he is the only Swedish person holding the Malay state title Dato’ awarded by the Sultan of Pahang) has previously worked for Star Cruises in Malaysia, and been Chairman and CEO of World Amateur…

The Nordics seriously back in business in the Philippines

Denmark and Sweden have re-opened their respective embassies, while the former business council has upgraded itself to become the Nordic Chamber of Commerce Philippines (NordCham) and can offer all essential consultancy and assistance in the country – all based on significant growth in the presence of Nordic businesses there. Now the platform is there for…

Wine Bonanza Is Where The Wine Is

Wine Bonanza is passionate about their wines and culinary expertise to ensure customers have the most memorable dining experience. The new wine and gourmet food restaurant, located right in the Singapore’s bustling heart, is an excellent location for after-work and weekend hangouts. Set in the nostalgic, pre-war colonial heritage building at Albert Court, every piece…

Swedish design and education: Prince Carl Philip in Hong Kong

On the 5-7 December, HRH Prince Carl Philip of Sweden visited Hong Kong together with two business delegations. The purpose of the visit was to promote Swedish business and raise Swedish interests in design and education. Sweden has a well-developed cooperation with Hong Kong when it comes to design and creativity, and the aim of…