china March 14

AAPL: 102.52

0.26
Stock Chart

The title of the world’s largest Apple Store has moved around the world a few times, but the location Apple announced four years ago as its biggest flagship store opens on Saturday in Dalian, China. The store is in the spectacular-looking Olympia 66 shopping mall at 66 Wusi Lu in the Xigang District of the popular tourist city.

You can see more photos of the mall below …

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china March 3

AAPL: 101.50

0.75
Stock Chart

Apple Pay looks to have been a big hit in China, Internet Retailer reporting that three million bank cards were activated in the first two days of the launch. Apple had been expecting big numbers, using a gradual rollout of the service on day one, something not well communicated to cardholders.

In the first two days after the Feb. 18 launch, 3 million consumers linked their bank cards to Apple Pay according to China Merchants Bank, one of 19 Chinese banks involved in the rollout.

It’s an impressive number, but with card processor UnionPay having a monopoly on card processing, a single deal by Apple meant the service is available to a staggering total of 5B cards …

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china February 23

AAPL: 94.69

-2.19
Stock Chart
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china February 22

AAPL: 96.88

0.84
Stock Chart

china February 19

AAPL: 96.04

-0.22
Stock Chart

Update: Apple has since informed us that the comment by a local representative was not an official statement and has been mistranslated from the Chinese by Caixan. The correct information is that the ability to add cards was being made available on a rolling basis throughout the day. 

With many Chinese iPhone owners reporting they they are unable to register for Apple Pay, an Apple spokesman representative has said the issues are due to too many people trying to sign-up a planned gradual rollout throughout the day. Mashable reports that 38 million bank cards had been linked to Apple Pay by 5pm on launch day, 10M of them registered within the first hour.

Chinese site Caixin cited one example.

“It kept telling me the phone ‘cannot connect to Apple Pay’ or the verification for the card is not available when I was linking a bankcard,” said Duan Ge, a 31-year-old employee of a film production company. Duan said he managed to link his debit card after about 30 minutes of trying, but later when he tried to register another credit card, he “could not even open the app.”

Some had feared that Apple might face an uphill battle in persuading Chinese nationals to use the service, for two reasons …

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