Apple is investing more in China, including an R&D center

Apple CEO Tim Cook has made his second official trip to China of the year, meeting with government officials to discuss future investment opportunities. The Wall Street Journal, citing state broadcaster CCTV, notes that Cook met with China's vice premier Zhang Gaoli and pledged to open Apple's first research and development center in the country later this year.

It's not clear exactly where, how big, or how expensive the R&D center will be, but the move represents a further effort by Apple to get in Beijing's good books. Earlier this year the company announced a $1 billion investment in ride-hailing app Didi Chuxing, which Cook said was being made "for a number of strategic reasons, including a chance to learn more about certain...

Continue reading…

0 Response to "Apple is investing more in China, including an R&D center"

Post a Comment