Malmö is the capital and largest city of the Swedish county of Scania. Malmö is the third largest city in Sweden, after Stockholm and Gothenburg, and the 5th biggest city in Scandinavia, with a population of above 300,000. The Malmö Metropolitan Region is home to 700,000 people, and the Øresund Region, which includes Malmö, is home to 3.9 million people. Malmö was one of the earliest and most industrialized towns of Scandinavia, but it struggled with the adaptation to post-industrialism. Since the construction of the Øresund Bridge, Malmö has undergone a major transformation with architectural developments, and it has attracted new biotech and IT companies, and particularly students through Malmö University, founded in 1998. The city contains many historic buildings and parks, and is also a commercial centre for the western part of Scania.