Ap­ple sets up China R&D cen­ter

China Daily (Canada) - - NEWS CAPSULE -

Ap­ple Inc has set up its first Chi­nese re­search and de­vel­op­ment cen­ter in the Wangjing area of Beijing, with reg­is­tered cap­i­tal of 100 mil­lion yuan ($14.99 mil­lion), as the US tech gi­ant wres­tles with tum­bling smart­phone sales and mount­ing com­pe­ti­tion from local ri­vals.

The R&D unit will have about 500 em­ploy­ees and its to­tal in­vest­ment will even­tu­ally reach 300 mil­lion yuan, ac­cord­ing to the of­fi­cial WeChat ac­count of the ad­min­is­tra­tive com­mit­tee of Zhong­guan­cun Science Park.

The unit will fo­cus on de­vel­op­ing com­put­ers, soft­ware, au­dio and video de­vices as well as other con­sumer elec­tron­ics.

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