Apple CEO Cook says company to increase investment in China: State media

Apple Chief Executive Tim Cook has said that the tech giant plans to increase investment in China, state news agency Xinhua reported on Thursday. Cook said at a meeting held with the Chinese government officials in Beijing.

Cook met with the Chinese Minister for Industry and Information Technology Jin Zhuang Long on Wednesday during his second visit to China this year. The trip comes as Apple faces challenges in maintaining market share against domestic rivals in the world’s biggest smartphone market.