15 Updates

Apple Will Open R&D Center In Shanghai, China

Jan 30 2013, 4:17am CST | by

Massive three-building facility

In another example of how Apple is warmly embracing the nation that it used to only go to for cheap labor, the company has firmed up plans to open a research and development and procurement...

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Update
15

21 minutes ago

UN chief hails China's peacekeepers

Source: China Daily  |   Jun 19 2013, 1:32pm CDT

UN Secretary-General Ban Ki-moon visits the peacekeeping center of the Ministry of National Defense in Beijing on Wednesday. Wang Jing / China Daily Ban Ki-moon lauds troops' commitment, bravery and contribution The courage and so ...

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Update
14

32 minutes ago

China’s Hunger For Pork Will Impact The U.S. Meat Industry

Source: Forbes  |   Jun 19 2013, 1:21pm CDT

Smithfield Foods agrees to be acquired by China-based meat processing company Shuanghui International. Rising demand for pork at home and livestock feed supply issues has prompted the Chinese firm to acq ...

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Update
12


Quote:
"China is a rising country in terms of political profile and economic development that also requires corresponding responsibility for world peace and development. And I count on China's continuing contribution"


Source: China Daily

 
Update
11

51 minutes ago

Scholars call for cross-strait cooperation on South China Sea

Source: Taiwan News  |   Jun 19 2013, 1:02pm CDT

Hong Kong, June 19 (CNA) Scholars from Taiwan and China called Wednesday for cooperation between the two sides of the Taiwan Strait on long-running territorial disputes in the South China Sea. On the issue that sees a number of countri ...

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Update
9

1 hour ago

China's border row with India has misfired, says regional security expert

Source: SCMP  |   Jun 19 2013, 12:24pm CDT

China's three-week border stand-off during April in Ladakh, in Indian-administered Kashmir, had misfired, an Indian security expert told a forum in Manila, saying Beijing's move galvanised Indian leaders into finally sealing an his ...

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Update
8

2 hours ago

China Yuchai International, The Gem Of Industry: Shah Capital

Source: Value Walk  |   Jun 19 2013, 11:52am CDT

One of the largest outside investors in China Yuchai International Limited (NYSE:CYD) is pushing for changes in the holding company, whose main business is manufacturing of diesel engines. Shah Capital, wh ...

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Update
7

2 hours ago

Argentina and China boost scientific and economic ties

Source: Science and Development Network  |   Jun 19 2013, 11:19am CDT

Mining is one research area the nations will collaborate on Alfredo Caliz/Panos [BEIJING] China and Argentina have agreed to increase their collaboration in science, which they see as linked to their growing ...

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Update
6

2 hours ago

China's Xi tells Vietnam wants peace in South China Sea

Source: Reuters Mobile  |   Jun 19 2013, 11:16am CDT

Vietnamese President Truong Tan Sang (L) and Chinese President Xi Jinping (R) toast during a signing ceremony at the Great Hall of the People in Beijing June 19, 2013. BEIJING (Reuters) - Chinese President Xi Jinping t ...

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Update
5

2 hours ago

Unprecedented credit bubble in China could burst: Fitch Ratings

Source: Channel News Asia  |   Jun 19 2013, 11:02am CDT

SINGAPORE: Fresh concerns over China's financial system are cropping up, after a report by Fitch Ratings said China is pumping up an unprecedented credit bubble. It is an alarm that has been sounded before, but with a gr ...

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Update
4

3 hours ago

Australian entrepreneurs eager to benefit from China's booming demand

Source: SINA English  |   Jun 19 2013, 10:49am CDT

MELBOURNE, June 19 (Xinhua) -- Around 100 Australian entrepreneurs gathered in Melbourne Wednesday to find out how to seize the golden opportunities emerging from China's booming economy and demand, especially during Beijing's 12th five-year plan. The ...

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Update
3

3 hours ago

China’s Naval Ambitions and America’s Asia Problem

Source: U.S. News & World Report  |   Jun 19 2013, 10:26am CDT

Both are undoubtedly serious matters, and a real, substantive bilateral discussion of them is sorely overdue. But so is attention to another topic that may yet prove to be the most intractable and dangerous in relations between the two coun ...

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Update
2

4 hours ago

China, Vietnam agree to set up hotline

Source: Albany Times-Union  |   Jun 19 2013, 9:16am CDT

BEIJING (AP) — China and Vietnam agreed on Wednesday to set up a hotline to resolve fishing incidents in disputed South China Sea waters that have been a frequent source of tensions between the two ideological alli ...

Continue reading on: Albany Times-Union  More like this

 
Update
1

5 hours ago

Mercedes creates new sales-support unit for China

Source: Automotive News  |   Jun 19 2013, 8:50am CDT

BERLIN (Bloomberg) -- Mercedes-Benz has set up a new sales-support unit for China as it seeks to catch rival Audi, the best-selling premium brand in the world's biggest car market. The automaker also plans to step up ...

Continue reading on: Automotive News  More like this

 
 

20 weeks ago

Apple Will Open R&D Center In Shanghai, China

Jan 30 2013, 4:17am CST | by

Massive three-building facility

In another example of how Apple is warmly embracing the nation that it used to only go to for cheap labor, the company has firmed up plans to open a research and development and procurement management facility in Shanghai, China this summer. The region's Municipal Commission of Commerce has recently confirmed that it granted permission for such a project.

The large facility will include three new buildings in the Pudong district. It is already looking for new employees like an SPS business analyst, an administrative assistant, and an AppleCare team manager.

The total investment from Apple is not clear, but the company will be paying an estimated $8 million in rent every year to maintain the location of the three new R&D buildings.

China has been an increasingly important part of Apple's growth strategy for a while, but now that the company has found itself on a downhill track, China is becoming a much more focal point of interest. The nation still has a lot of untapped potential, but it is also rife with political and societal logistic nightmares.

Unlike in other regions, especially the US, Apple's growth in China was staggering, jumping 67% in revenue over the last year. The most recent earnings report fond that China took $6.8 million in Apple revenue. That is not something to be overlooked.

So, as for what the new business facility will be in charge of, that is kind of anyone's guess. Having an R&D facility doesn't necessarily need to be in China, but its position does make it close to the company's overseas manufacturing partners.

Via Tech Crunch

 

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<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

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