Apple in talks to buy Chinese tech firm – report


6 Aug 2010

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Apple is reportedly in talks to buy Chinese online games developer firm Handseeing Information Technology.

Handseeing’s vice-president for operations Tian Bo told Reuters about the potential deal over the telephone, adding that while things are not quite settled, a decision is expected in one or two months time.

Tian also told China’s state media agency Xinhua that if the deal was successful Handseeing would be Apple’s first acquisition in China. However, he added that other foreign companies had also showed interest in investing in the firm.

Handseeing was founded in 2005 and has R&D bases in Chengdu and the eastern Chinese city of Suzhou.

Apple currently does not have a huge presence in the Chinese market. It has two stores in the country, in Beijing and Shanghai, although has plans to expand this number to 25 by the end of 2011.

The tech giant currently sells its iconic iPhone smartphone through just one mobile operator, China Unicom.

Article courtesy of Businessandleadership.com