Apple’s Cook Meets Chinese Commerce Minister, Unveils Investment

Company plans help for applied research in Shanghai, Cook says
Move comes amid CEO’s high-profile visit to the country

Tim Cook during the opening of the new Apple Inc. Jingan store in Shanghai on March 21.Photographer: Qilai Shen/Bloomberg

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By Bloomberg News

March 23, 2024 at 4:38 AM UTC

This article is for subscribers only.

Apple Inc. plans to invest further in research in China, Chief Executive Officer Tim Cook said as he continues his high-profile visit to the country.

The company will pump resources into applied research in the financial hub of Shanghai, the state-run newspaper China Daily reported Friday, citing Cook’s comments to Commerce Minister Wang Wentao. He didn’t disclose details of the investment, according to the paper.