Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Did Sichuan Forget to Tell Chongqing About Their Joint Olympic Bid?
Alibaba’s Healthcare Unit Finds Tonic for Profits
Trending in China: Beijing Tackles Parking Shortage With Shared Spaces
Chinese Wireless Telecoms Operators Join Forces to Build 5G Base Stations to Reduce Costs
Ruhnn, Another U.S.-Listed Chinese Company Looks to Go Private
Unicorns surge to 500 in number as US and China account for 70%
Trending in China: Social Media Comes Out in Support of High Quality Fakes
Xiaomi-Backed IoT-Enabled Appliance Maker Sees Revenues Grow While Profits Slump
Chinese Startup WeRide Reports Promising Robotaxi Results
Trending in China: God recalls his hand – tributes to Maradona from Chinese social media after his death
Tesla to Manufacture Electric Car Chargers in China
China Restricts Livestreaming Spending and Blocks Underage Users from Tipping Performers
TikTok Granted One-Week Extension of Forced-Sale Deadline
Chinese Online Language Educator 51Talk Speaks the Language of Profit
Trending in China: Are Elderly ‘Collateral Damage’ in Increasing Technological Cashless World?
Trending in China: Black and White ‘Little Miracle’ Born to 22-Year-Old Panda in Washington
Facing U.S. Sanctions, Huawei May See Global Smartphone Share Slump to 4% in 2021
Chinese LGBTQ Dating App Owner BlueCity Acquires Youth-Focused Gay Platform Finka
Xiaomi-Backed Smart Wearables Maker Huami Sees Profits Slump Despite Revenue Growth
Baidu Maps Illegally Using Other Chinese Firm’s Mapping Info, Court Finds.
VAT Knocks Down iPhone Prices in China

By Hou Qijiang and Tang Ziyi / Apr 01, 2019 06:48 PM / Business & Tech

Photo: VCG

Photo: VCG

Prices of iPhones in China are falling – again.

Major e-commerce sites including Tmall and already lowered the phones’ prices twice this year. Now, the cuts are getting an official seal of approval – on Apple’s own website.

For the first time this year, Apple has dropped iPhone prices on its official Chinese website.

On Monday, the smartphone maker lowered prices by between 300 yuan ($44.7) and 500 yuan for all models of the iPhone X, iPhone 8 and iPhone 7, according to its website.

The slash comes in response to China’s reduction of the tax burden for manufacturing and other sectors that began on April 1, Caixin has learned.

The new regulations cut the value-added tax (VAT) for manufacturers to 13%, down from 16%, and the VAT rate for the transportation and construction sectors to 9% from 10%.

The prices on Apple’s website are still not lower than they are on some e-commerce sites, which saw the price tag for iPhone X models fall by as much as 2,000 yuan last month amid lukewarm sales of the phones in China.

Related: iPhone Slowdown Hits Apple’s Chinese Supply Chain


Share this article
Open WeChat and scan the QR code