Oct 12, 2016 04:17 PM

BUSINESS

Apple Announces Second Chinese R&D Center in Shenzhen

By Teng Jing Xuan and Chen Na

(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.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

5: China Rolls Out Subsidized Consumer Loans to Boost Spending

SPONSORED

OR