“Apple has set up wholly owned Apple Technology Service (Shanghai) Co Ltd to bring Apple Pay to China, reports Yicai — as noted by BrightWire.com, a global investment newswire,” Dennis Sellers reports for Apple World Today.
“Yicai, citing the local Shanghai Free Trade Zone (FTZ) government, says the company was registered with a capital of US$13.4 million on June 10,” Sellers reports, “This week the government showcased 23 services including Apple Pay at a conference to introduce the FTZ’s preferential policies for technology service providers. ”
Full article here.
MacDailyNews Note: In May, Apple CEO Tim Cooktold the Xinhua news agency, “We very much want to get Apple Pay in China. I’m very bullish on Apple Pay in China.”
SEE ALSO:
Tim Cook: Apple Pay in China ‘soon’ – May 19, 2015
Cook says Apple in talks with Alibaba to bring Apple Pay to China – May 12, 2015
Apple seeks Shanghai-based Apple Pay engineer ahead of China launch – December 18, 2014
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
