Alcatel-Lucent, the company created by Alcatel SA's purchase of Lucent Technologies, has chosen the Pudong area of Shanghai as its new Asia Pacific headquarters.
Luo Ruizhe, president of Alcatel-Lucent Asia Pacific, says that they have full confidence in the China market and will soon set up a new R&D center in Shanghai. Luo says that they are optimistic about Shanghai's excellent industry environment, and that's why they have decided to incorporate their headquarters and move it to Shanghai.
Alcatel originally set up its Asia Pacific headquarters in January 2000 in Singapore.
At present, there are about 500 multinational technology-related companies in Shanghai, ranging from regional headquarters of foreign companies to investment companies and R&D centers.