APPLE has formed a new data-processing venture in Shanghai as the US tech giant's bid to bring artificial intelligence (AI) services to iPhones in mainland China remains in limbo, reports Hong Kong's South China Morning Post.
Established with a registered capital of US$35 million, apple Technology Development (Shanghai) will focus on software development, big data services, storage services and data processing, according to Chinese business registry platform Tianyancha.
Tejas Kirit Gala, who heads Apple's multiple entities in the country, serves as the legal representative of the new firm, which is wholly owned by Apple South Asia, according to Tianyancha.
The Cupertino, California-based company's latest move comes amid growing challenges in China, the world's biggest smartphone market, where it faces increased competition from domestic handset vendors including a resurgent Huawei Technologies.
SeaNews Turkey
Established with a registered capital of US$35 million, apple Technology Development (Shanghai) will focus on software development, big data services, storage services and data processing, according to Chinese business registry platform Tianyancha.
Tejas Kirit Gala, who heads Apple's multiple entities in the country, serves as the legal representative of the new firm, which is wholly owned by Apple South Asia, according to Tianyancha.
The Cupertino, California-based company's latest move comes amid growing challenges in China, the world's biggest smartphone market, where it faces increased competition from domestic handset vendors including a resurgent Huawei Technologies.
SeaNews Turkey
