Feb 07, 2023 08:40 PM

Tech Insider: Rare iPhone Discount in China, Lidar-Maker Hesai Eyes $171 Million IPO

On Dec. 17, 2022, in Shanghai, the iPhone 14 series of mobile phones on show at an Apple store. Photo: IC Photo

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Chinese retailers sell latest iPhone at steep discounts amid sluggish demand

Third-party retailers in China including JD.com Inc. are offering discounts of as much as 800 yuan ($118) on Apple Inc.’s premium iPhone 14 Pro after the U.S. tech giant reported its first quarterly revenue decline in more than three years.

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