January 27, 2020

Korkia teams up with Chinese partner

There are currently 400 Finnish companies operating in China, employing over 60 000 people. Yet there remains plenty of untapped potential for Finnish expertise, according to Korkia.
Pexels/Magda Ehlers

Asset management company Korkia has signed a memorandum of understanding (MOU) with Chinese investment fund Jiuyou and has embarked on a partnership with the Nordic consulting company Asia Perspective.

Both agreements aim to strengthen Korkia’s Asia Gateway service, which offers consulting for Finnish growth companies willing to enter the Chinese markets. The MOU will provide the service users with access to Chinese funding and contacts in the local governments as well as other key figures.

“Jiuyou provides access to an investment fund, promotes technological innovations in many provinces and cities and acts as an active participant in China’s industrial upgrading,” commented Dave Wu, CEO of Jiuyou International.

The Chinese middle class is estimated to have grown to around 350-400 million people, which is currently driving not only the world’s largest demand for coal, but also the biggest output of renewable energy. The partnership with Asia Perspective will bring in more operational resources for the service, including market intelligence.

“We have over a decade of experience in doing business in Asia and have supported numerous companies from many industries to achieve their goals and visions,” said Daniel Karlsson, managing director of Asia Perspective.

The upgraded service will include a rapid market analysis and strategy study for the target market. Asia Gateway also offers consulting in the possible implementation phase, including services related to IPR, financing and execution of mergers and acquisitions.

“We support our customers to build sustainable business and growth in China in the long term in a so-called turnkey type of way – we want our clients to succeed and are prepared to put also our own skin in the game by sharing risks,” explained Martti Malmivirta, executive chairperson at Korkia.

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