APPLE TO SET UP R&D CENTRE IN SHENZHEN

HONG KONG: Apple Inc will set up a research and development centre in China’s manufacturing metropolis Shenzhen, the US tech giant said yesterday, as the firm looks to spur growth in the world’s second largest economy amid growing competition. The Shenzhen hub follows a similar plan for a centre in Beijing, and comes as Apple is looking to bounce back in China, where local rivals like Huawei Technologies, OPPO and Vivo have been taking market share from its flagship iPhone. – Reuters