<ul><li>Apple has established a new data-processing venture in Shanghai, focusing on software development, big data services, storage, and data processing.</li><li>The venture, named Apple Technology Development (Shanghai), is registered with US$35 million in capital and is wholly owned by Apple South Asia.</li><li>Apple's move comes as it faces increased competition in China's smartphone market and awaits regulatory approval for its Apple Intelligence suite for iPhones in mainland China.</li><li>Apple CEO Tim Cook has made multiple visits to China to discuss topics including data security and cloud services.</li></ul>

Apple forms Shanghai data-processing venture

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