Deng: NGP aims to make money for Nokia to invest in mobile internet

Back to Nokia again, although not responsible for the once familiar mobile phone business, but Deng Yuan Yun is full of more than ever the passion, because this time he found his favorite thing to do, and this thing for Nokia itself, in his words to describe: "Nokia growth partner Fund (substituting The following are the "eyes" and "ears" of Nokia's future development, the NGP.

Mobile Internet "catalyst"

Deng, who left AMD several days later, returned to Nokia as the managing director of Nokia's venture capital agency, NGP. After returning to Nokia to work Deng the first time to receive an exclusive interview with Tencent Technology, he said, NGP aim is to make money for Nokia, NGP Investment concept is to invest in the mobile Internet field the most potential innovation enterprises, and the latest technology and products to Nokia, Thus promoting the healthy development of Nokia in the mobile internet ecosystem.

NGP was founded in December 7, 2004, is a wholly-owned Nokia Venture capital fund, the main investment target is the world in the medium of development and maturity of enterprises, those who already have large corporate customers in the global mobile industry, mobile technology companies are also NGP key investment, the earlier it has successfully invested in the advantage of technology (UC) , air network, net, billion moving advertising media and other companies.

The NGP also announced the establishment of a third investment fund, the fund will be long-term injection of 250 million U.S. dollars. As for the planning of new funds, Deng revealed that NGP investment companies must be in the mobile internet to become a leader of the company, which is in the investment process to consider the first important direction, the new investment fund will focus on mobile media advertising, location services, hardware equipment and other fields.

It is understood that NGP to invest in the company will have a rigorous assessment process, its in China has a strong ability to invest in the team, are experienced investors. In addition to the return of Deng Yuan Yun, the former vice president of Triumph Venture Guo will also be the executive director of the Nokia Growth Partnership Fund.

"NGP is a global investment platform with branch offices in the US, Asia and Europe, and the Chinese market is the most important place in the world," said Paul Asel, managing partner of Nokia's growth partner fund, in an exclusive interview with Tencent Technology. It is understood that earlier Paul Asel with Deng to invest in UC and other companies.

So what will NGP's mobile-internet investments do to boost Nokia's mobile phone business?

In this respect, Deng stressed, "NGP plays a very important role for Nokia, NGP can help Nokia to obtain its development needs of the latest technology and innovation, Nokia products in the application services and experience more competitive, so as to promote the development of Nokia in the mobile ecosystem environment, It can be said to be the catalyst for the development of Nokia mobile phones. ”

And for the investment of enterprises can not only get forward development of funds, good technology and applications can also be applied to Nokia's mobile phones, and through Nokia's powerful channels to promote, the most important can also use NGP platform to quickly expand overseas markets.

It is understood that NGP currently has 35 companies in the world, more than 80% have established a close cooperative relationship with Nokia, and half of this is NGP investment before and Nokia to establish a partnership. This is also enough to show that NGP investment in potential companies, and companies rely on NGP platform.

Mobile interconnection Industry Burst

The recovering Nokia is tightening its belt. It is understood that Nokia currently carries 3.6 billion euros of outstanding debt, of which 1.25 billion euros will expire in 2014. Nokia's cash flow has shrunk sharply in the past year, from 2.3 billion euros in late September 2011 to a negative € 812 million in December 31, 2012, according to Bloomberg statistics. Apple's cash flow increased 44.7 billion dollars in the same period, and Samsung increased 7.5 billion dollars.

Cash-flow control is crucial to Nokia's future survival, but that is why its commitment to NGP remains unchanged. Deng Frankly, "2013 is the mobile interconnection industry, because the overall environment is now more mature, the market now has more than 200 million smartphone users, the future will be more, and the government's policy will be more open to the development of the overall environment will be better." ”