(Yicai Global) Oct. 12 -- Apple Inc. CEO Tim Cook said the tech giant will base its second research and development center in the southern Chinese city of Shenzhen.
Mr. Cook made the announcement this morning while visiting Apple's flagship store in Shenzhen. He also met with the general secretary and mayor.
Apple's first China R&D center opened in Beijing at the end of last month, with an investment of CNY300 million (USD45 million) and the creation of 500 new jobs.
Mr. Cook said Shenzhen has developed a lot in recent years and the area boasts 100,000 software developers. This is a very good opportunity for Apple and the company wants to invest more in the city, he said.
Shenzhen is a southern Chinese technology and innovation hub and also has a well-established manufacturing base, making it an attractive place for companies like Apple to establish a stronger presence in the Chinese smartphone market, the biggest in the world.