Pudong New Area in Shanghai, a key destination for foreign investment in China, has recently witnessed a surge in commitments from multinational corporations (MNCs).

Veolia China, a regional headquarters of the French multinational Veolia Group, has increased its registered capital to 2.8 billion yuan ($390.86 million), marking its third capital expansion this year.

Similarly, Dassault Systemes, a global leader in industrial software, inaugurated its first open innovation lab in China, 3DEXPERIENCE, located in Pudong, while also establishing a subsidiary.

These moves underscore MNCs' confidence in China's market, as they strengthen their presence across production, supply, and innovation chains in Pudong.

Veolia China, established in 2003, has continuously enhanced its support services in information management, data management, and technical assistance for its parent company's affiliates in the Asia-Pacific region and Chinese clients. Its recognition as a regional headquarters and inclusion in the 2025 Fortune China ESG Impact List reflect its commitment to sustainability.

Veolia China, located in the Expo Area of Pudong, is a regional headquarters of the French multinational Veolia Group. [Photo/WeChat ID: pdnews]

Dassault Systemes' new lab in Pudong will focus on advanced manufacturing, new materials, and life sciences, fostering local innovation through AI-driven virtual twin technology. This initiative, part of Dassault Systemes' global innovation ecosystem, aims to accelerate technology transfer and talent development in China.

These investments highlight Pudong's appeal as a launchpad for MNCs seeking growth opportunities amid China's green, digital, and intelligent transformation.