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Foxconn parent company spending $1.6b on Apple reseller stores in China

Going all out after obtaining Apple reseller certification
By: Steve Dougherty | Business, Financial & Legal News | Posted: Jul 11, 2011 12:58 pm

Word has begun circulating today that Hon Hai Precision Industry, which is the parent company of Foxconn, has made the decision to spend up super big on helping make Apple's products more popular in China and with easier after sales support than currently.




No less than $1.6b is being used to set up 500 Apple Authorized Reseller stores throughout China via Hon Hai's major Chinese electronic chain, Cybermart International thanks to a recently obtained certification as an Apple reseller.


Given Apple's own prescence in China with regard to its Apple stores isn't all that plentiful (though that is said to improve throughout 2011 with twenty more official Apple Stores planned), these additional Cybermart Apple reseller stores should certainly help Apple in establishing itself as a far more recognized and popular entity in the country.


The first Cybermart Apple store has been marked on the map, opening in Tianjin in Northern China with a population of over 12 million people.


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