Caixin
Oct 12, 2016 04:17 PM
BUSINESS

Apple Announces Second Chinese R&D Center in Shenzhen

(Beijing) — Apple is planning to expand its presence in China with the launch of a second research and development center in Shenzhen, China's manufacturing and technology hub, as the company faces mounting pressure amid slowing iPhone sales.

Apple CEO Tim Cook announced the plans during a meeting with Shenzhen Party Secretary Ma Xingrui and Mayor Xu Qin on Tuesday night, according to local media reports.

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