Hon Hai Precision Unit to Spend $1.6 Billion on China Stores, Daily Says

Hon Hai Precision Industry Co.’s unit Cybermart International plans to spend NT$47 billion to open electronics retail stores selling Apple Inc. (AAPL) products in China, the Economic Daily News reported, citing the unit’s Chairman Steve Chang.

To contact the reporter on this story: Andrea Wong in Hong Kong at awong268@bloomberg.net

To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net

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