Apple CEO Cook meets Chinese commerce minister, unveils investment plans

Apple Inc. plans to invest further in research in China, Chief Executive Officer Tim Cook said as he continues his high-profile visit to the country.

The company will pump resources into applied research in the financial hub of Shanghai, the state-run newspaper China Daily reported Friday, citing Cook’s comments to Commerce Minister Wang Wentao. He didn’t disclose details of the investment, according to the paper.

“We are continuing to invest in China, in the supply chain, in R&D and in our stores,” Cook said in a video clip of the meeting.