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Apple Invests $35 Million to Launch New Company in China: AI-Powered Phones on the Horizon?
2025-01-11
On January 10, Apple announced the establishment of Apple Technology Development (Shanghai) Co., Ltd. in Shanghai, China, with a registered capital of $35 million. The scope of this new venture encompasses software development, big data services, data processing, and storage support services. This move could signal an acceleration in the rollout of Apple's intelligent (Apple Intelligence) services in the Chinese market.
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