Apple to invest more in China, says CEO Cook

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Apple to invest more in China, says CEO Cook
Apple to invest more in China, says CEO Cook

At a meeting in Beijing with the Chinese government, Apple CEO Tim Cook stated that the U.S. corporation will boost its investment in China, which will help the country’s supply chain grow, according to a report released on Thursday by the media. As previously reported by the ministry, Cook met with Jin Zhuanglong, Minister for Industry and Information Technology, on Wednesday.

An email request for comment was not immediately answered by Apple.

This is Cook’s second visit to the largest smartphone market in the world, where the iPhone manufacturer has been losing market share to domestic competitors in recent quarters.

“Apple is keen to seize the opportunities presented by China’s opening up and will continue to increase its investment in the country, thus contributing to the high-quality development of the industrial and supply chains,” Cook was quoted as saying.

According to the media, the meeting’s topics included cloud services, online data security management, and Apple’s growth in China.

According to a statement released by the Ministry of Industry and Information Technology on Wednesday, Jin expressed his desire to Cook that Apple will expand its business in China, boost innovation investment, collaborate with Chinese firms, and reap the benefits of superior development.

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