E-wal­lets open

Unit to fo­cus on de­vel­op­ing com­put­ers, soft­ware, au­dio and video de­vices for firm’s cus­tomers in na­tion and in­ter­na­tion­ally

China Daily (USA) - - FRONT PAGE - By MENG JING in Bei­jing and WANG YING in Shang­hai By MASI masi@chi­nadaily.com.cn Con­tact the writers at wangy­ing@chi­nadaily.com.cn

The coun­try’s top in­ter­net com­pa­nies are look­ing at air­ports in a bid to pro­vide Chi­nese out­bound trav­el­ers with more elec­tronic wal­let ser­vices.

In­ter­na­tional air­ports have be­come the new bat­tle­field for the coun­try’s top in­ter­net com­pa­nies as they gear up for over­seas ex­pan­sion by pro­vid­ing Chi­nese out­bound trav­el­ers with more e-wal­let ser­vices.

The tim­ing is ideal, as mil­lions Ap­pleof Inc tourist­shas set packup its their first bags Chi­nese right re­search­be­fore the and Na­tional de­vel­op­ment Day hol­i­day, cen­ter from in Oct Wangjing1 to 7. area China’sof Bei­jing,on­line search­with reg­is­tered­giant Baidu cap­i­talInc an­nouncedof 100 mil­lionon Thurs­dayyuan ($14.99a part­ner­ship­mil­lion), as with the Is­raeliUS tech startup giant Trav­el­er­sBoxwres­tles withto pro­vide tum­blinga con­ve­nient smart­phone way sales­for Chi­ne­se­and mount­ing trav­el­ers to com­pe­ti­tionex­change their from lo­cal un­used rivals. for­eign money be­fore The re­turn­ingR&D unit home. will have about Through500 the em­ploy­ees ser­vice, and trav­el­ers its to­tal can in­vest­mentchoose to will credit even­tu­al­lytheir Baidu reach Wal­let300 mil­lion ac­counts yuan,by de­posit­ing ac­cord­ing mon­eyto theat Trav­el­er­sof­fi­cial Box WeChat kiosks ac­coun­tat air­port­sof the in ad­min­is­tra­tive­some of the most com­mit­tee pop­u­lar coun­triesof Zhong­guan­cun for Chi­nese Science tourists, Park. in­clud­ing Ja­pan, Ap­ple Italy de­clinedand Canada.to com­ment on The the ser­vice,story. The which news charges came7 per­centshortly af­terof the Tim to­tal Cook de­posit vis­itedas a Bei­jing ser­vice in and Au­gust, ex­change promis­ingfee, is avail­ableto open its at first five in­de­pen­dent­ly­in­ter­na­tional air­ports,op­er­ated R&D with cen­ter­six mor­ein Chin­aby year’sby the end. year end.

Whit­neyThe unit will Yan, fo­cus a on Baidu de­vel­op­ing spokes­woman, com­put­ers, said the soft­wares,ser­vice will au­dio save and peo­ple­v­ideo de­vices­the trou­bleas well of as takingother con­sumertheir spare elec­tron­ics,for­eign mon­ey­for Ap­ple’s home, cus­tomer­s­then havin­gin Chi­nato broader trend among buy­ers, she added.

In May, Ap­ple pumped $1 bil­lion into Didi Chux­ing, China’s largest ride-hail­ing plat­form.

Dur­ing his lat­est vis­its to Bei­jing, Tim Cook also held ex­ten­sive meet­ings with app de­vel­op­ers, high­light­ing the firm’s recog­ni­tion of China’s re­search ca­pa­bil­i­ties. and around the world. Jin Di, re­search man­ager at

Zhong­guan­cun Science In­ter­na­tional Data Corp China, Park, lo­cated in Bei­jing, is said the R&D cen­ter is a ar­guably the most in­ten­sive well-cal­cu­lated step to sci­en­tific, ed­u­ca­tion and tal­ent im­prove the lo­cal­iza­tion of its re­source base in China.taken onIt March prod­ucts12, 2014 as showslo­cal brand­s­the logo Huawei of boasts Chi­nese al­most in­stant 40 mes­sag­ing­premier uni­ver­si­ties plat­form called Tech­nolo­giesWeChat on Coa mo­bileLtd and de­vice. WeChatand col­lege­sal­lows its such more as than 300 Oppo mil­lion catch user­sup quickly.to send text, pho­tos, Pek­ing videos Univer­sityand voice and mes­sagesTs­inghuaUniver­sity, over “Chi­nese smart­phones, con­sumers­find each are other by shak­ing as their well de­vice­sas more— a com­mon­highly dat­ing frag­mented. tech­nique A — and lo­cal even than book 200 and sci­en­tific­pay for taxis. in­sti­tu­tions. R&D team can help Ap­ple bet­ter un­der­stand lo­cal play­ers’ ex­changeNi­cole it into Peng, yuan. re­search with prod­uct their and in­ter­na­tion­al­iza­tion­mar­ket­ing strate­gies direc­tor Some­times,at Shang­hai-basedyou don’t want strat­egy and and keep the track­goal to of be what more is to con­sul­tan­cy­waste your Canalys, spare said money the profitable.go­ing on in And the the rapidly best chang­ing­way to buy­ing­move marked­goods you a don’t sig­nif­i­cantre­ally start mar­ket.”is with Chi­nese out­bound want. change If in you Ap­ple’s don’t per­cep­tion­have time trav­el­ers,”Ap­ple launchedhe said. its lat­est to of go the to Chi­naa bank, mar­ket.the money is iPhone Ali­pay, ear­lier China’sthis month, largest but likely “Chi­nato sitis no in longery­our drawer,”just a big on­lineIDC forecast pay­ment that ser­vice,the iPhone struck 7 she buyer said. of its con­sumer elec­tron­ics a will deal not on be a Tues­day­huge hit in with China10 Li Chao, prod­ucts.an an­a­lystAs the coun­try­with over­seas­given that air­port­sit has to few in­tro­duce fea­tures iRe­search makes Con­sult­ing­big strides Group,in the its which pay­ment­can res­onate ser­vices with start­ing lo­cal said in­ter­net that the and ris­ing in­for­ma­tion­num­ber of con­sumers.in Oc­to­ber. In­cluded are Chi­nese tech­nol­ogy, out­boundit be­comes trav­el­ers an air­portsIn the in quar­ter Germany, ended Ja­pan, in and im­por­tant­their in­creas­ing­part of Ap­ple’s spend­ing global the June, Repub­licAp­ple sawof a Korea,33 per­centNew over­seas re­search are and only de­vel­op­ment­part of the Zealand­drop in sales and in Thai­land.China, mark­ingThe rea­son ef­forts,” com­pa­niesPeng said. are look­ing com­pa­ny­its high­est­said it de­clinewill in­cludein all to Also, air­ports Chi­nafor busi­ness.has be­come a more re­gions, ser­vices while at air­ports do­mes­ticin trend­set­terFierce com­pe­ti­tionin many as­pect­shas the brands future. Huawei and Oppo saw draggedand the down anal­y­sis the of prof­its Chi­ne­seof surges in ship­ments of 15 per­cent dig­i­tal con­sumers’ pay­ment pref­er­encesser­vices in China. and and 124 per­cent, re­spec­tively. us­age Look­ing habits abroad­can now is re­flectin line a Asian

Tim Cook, CEO of Ap­ple Inc This photo il­lus­tra­tion

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