Helsinki (Reuters): The Finnish Company HMD Global, owns the rights to use Nokia 's brand on mobile phones, announced on Sunday to launch its first smartphone , targeted for Chinese users with a price of 1,699 yuan ($246).
HMD said that the new device ‘Nokia 6’ runs on Google's Android platform and is manufactured by Foxconn. It will be sold exclusively in China through online retailer JD.com.
HMD said in a statement, "The decision by HMD to launch its first Android smartphone into China is a reflection of the desire to meet the real world needs of consumers in different markets around the world... it is a strategically important market."
Nokia was once the world's dominant cellphone maker but missed the shift to smartphones, and then chose Microsoft's Windows operating system for its "Lumia" range.
After the 2014 deal, Microsoft continued selling cheaper basic phones under Nokia 's name and Lumia smartphones under its own name, but last year, it largely abandoned both businesses.
HMD CEO Arto Nummela, who was once responsible for Nokia 's sales and product development, told Reuters last month that HMD aims to be one of the key competitive players in the smartphone business where it faces tough competition from Apple, Samsung and dozens of other players.