china January 7
china January 4
china December 16, 2015
Ever wonder where most of the world’s knock-off Apple products and electronics come from? Recently, I took a trip to Shenzhen in China and got to check out the madness first hand. In Shenzhen, they’ll slap an Apple logo on just about anything and try to pass it off as legitimate. Needless to say, it makes for a very comical experience…
china December 8, 2015
china November 25, 2015
Following Monday’s report that Apple is planning to launch Apple Pay in China in February of next year, Bloomberg reports that it has reached a preliminary agreement with UnionPay to use its card-processing terminals. The agreement was an essential step along the way as UnionPay has a monopoly on card-processing in China.
The agreement is provisional, as it still requires the individual banks to agree. They have reportedly been reluctant to agree to the 0.15% cut Apple takes of each transaction. Given the transaction volumes involved, that soon adds up to a significant chunk of the tiny percentage banks charge retailers.
That isn’t the only hurdle Apple needs to overcome … expand full story