china Stories September 29, 2016

AAPL: 112.18

-1.77
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Beijing's Zhongguancun Science Park
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Tim Cook last month told the Chinese government that Apple would be building its first research and development center in China by the end of the year, and local media now appears to have some specifics.

The center will reportedly be located in Beijing’s Zhongguancun Science Park and employ 500 staff.

The R&D center has a registered capital of CNY100 million (US$14.994 million), with total investment likely to reach CNY300 million in the future. The center plans to hire a total of 500 employees, focusing on the development of computer software and hardware products, communication, audio and video devices, as well as advanced technologies for consumer electronics products and the information industry.

The Digitimes report – citing local media – says that the role of the center is expected to go beyond research …

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china Stories September 7, 2016

AAPL: 108.36

0.66
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china Stories September 2, 2016

AAPL: 107.73

1.00
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china Stories August 17, 2016

AAPL: 109.22

-0.16
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Zero Waste means nothing sent to landfill sites
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Apple has announced that all 14 of its final assembly plants in China are now zero-waste compliant, meaning that none of the waste is sent to landfill. Waste products are instead recycled, re-used, composted or burned to generate energy.

Typically, paper and cardboard are sent to paper mills for recycling, glass & metal is melted for re-use, plastic is recycled into packaging materials and food is composted …

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china Stories August 16, 2016

AAPL: 109.38

-0.10
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Reuters reports that Apple is to build its first research and development center in China, citing a statement by the official Chinese state broadcaster.

Tim Cook reportedly made the commitment to Vice Premier Zhang Gaoli, stating that the center will be built by the end of the year.

The pledge comes after the head of China’s industry and technology regulator in May told Cook he hoped Apple could deepen its cooperation with the country in research and development and stressed information security.

Apple likely has two reasons for investing in R&D within China …

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china Stories July 27, 2016

AAPL: 102.95

6.28
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While most of the numbers announced yesterday were broadly in line with analyst expectations, there was one particularly disappointing element: revenue from China. This was down 29% on the previous quarter, and a full 33% year-on-year – from $13.2B in Q3 2015 to $8.8B the same quarter this year.

CEO Tim Cook pointed to slowing growth in the Chinese economy as a factor, but there are two other factors at play …

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