In March, Apple opened its largest retail store on the Chinese mainland in Shanghai—the company’s second largest flagship store after its Fifth Avenue outlet in New York City, the U.S. The new addition brings Apple’s store tally in Shanghai and the Chinese market to eight and 57, respectively—a significant milestone for the company, which opened its first store in China in 2008.
During his high-profile China visit, Apple CEO Tim Cook, who opened the doors to the new store in Shanghai and welcomed the first Chinese customers at the opening ceremony, reiterated the company’s steadfast commitment to the Chinese market, saying, “We are continuing to invest in China, in the supply chain, in research and development, and in our stores.”
Interestingly, Apple is just one of the many foreign companies…
