Apple boss Tim Cook visits Shanghai, with China sales under pressure
investing.comSHANGHAI (Reuters) -Apple CEO Tim Cook said he is currently visiting Shanghai, according to a post on his Weibo (NASDAQ:WB) account on Wednesday.
Cook said he spent the morning walking along Shanghai's historic Bund river with Chinese actor Zheng Kai and having a local breakfast but did not disclose what other plans he had for this China visit.
His visit comes after the iPhone maker announced that it would open a new retail store in the heart of the Chinese financial hub on Thursday, and as Apple (NASDAQ:AAPL) battles falling iPhone sales in China and rising competition from domestic rivals such as Huawei.
Cook made at least two visits to China, Apple's third-largest market by revenue, last year. He also travelled to Beijing around the same time last year, where he visited an Apple store and attended the China Development Forum.
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