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August 6, 2010

Apple ready to splash cash in China

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by Janet Harris

Cash rich Apple is believed to be looking to invest in China for the first time, with talks reported to be ongoing with Handseeing Information Technology company, a Chinese mobile internet game developer and mobile ISP.

Apple was recently reported to have a cash pile of around $46 billion and is looking for new markets in which to spend some of it, including China’s huge mobile Internet sector.

There are rumours that Apple could spend around $150m on Handseeing, which would hardly dent its funding pot.

Handseeing has research and development centres in Chengdu and Suzhou and its main technology is RIA high-end Application Engine.

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