Apple accepts China yuan payment

2011-11-21 14:05
Shanghai - Apple has started accepting payment in China's yuan currency through its online store, opening it up to the biggest internet market in the world, company officials said.

The App Store, which sells software applications for devices such as iPhone and iPad, started accepting the unit last week in an unannounced move.

"The service has been there since last Friday. It's really good news for our customers and local application developers," said a spokesperson for Apple China. She declined to comment on the timing of the move.

The App Store previously listed prices and accepted payment in US dollars, requiring consumers to use payment cards with access to foreign exchange.

The online store will now accept yuan credit cards as well as debit cards issued by more than 20 banks, a customer service representative said.

Pirated applications

Chinese customers applauded the move. "It's more convenient. I immediately bought Fruit Ninja," Xiang Ke said on his micro-blog, referring to a popular game.

Die-hard fans in China, which has the world's largest online population with more than 500 million users, have been known to line up for days to get their hands on the latest Apple products.

The California-based has recently expanded aggressively in China, opening its first store in Hong Kong and its third in Shanghai in September, which brings the total to six in Greater China.

Greater China - which includes Hong Kong and Taiwan - has become Apple's fastest growing region, with revenue there second only to the US.

But analysts said allowing yuan payment might not give a big boost to revenue since Apple users can also download pirated applications for free.

"Users who do not want to spend money in the first place will not spend money simply because you allow them to pay in yuan," said Sun Peilin, a Beijing-based analyst with consultancy Analysys International.

Still, the craze for all things Apple in China has triggered widespread cloning of the company's devices.

Several Chinese online stores have offered Apple fans the opportunity to buy a next-generation iPhone 5 - even though it does not yet exist.

In July, an American blogger uncovered fake Apple stores in the south-western city of Kunming, where even staff working there did not appear to know the outlets were fake.
Read more on:    apple  |  iphone  |  e-commerce  |  mobile
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

LOL! Best outdoor girl fails

It’s not only guys who have FAIL moments! Here are some of the funniest outdoor fails where girls are the victims!

 
 

Where were you when you last felt alive?

90-year-old's incredible travels
10 facts about swimming you didn't know
Halloween night run
Exciting new zipline for Cape Town!

Jobs in Cape Town [change area]

Jobs in Western Cape region

Roads Technologist

Cape Town Northern Suburbs
Communicate Cape Town Engineering
R300 000 - R450 000 Per Year

Database Administrator

Cape Town
Communicate Cape Town IT
R30 000 - R35 000 Per Month

Data Capturer

Western Cape
MIH Internet Africa

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Save up to R2100 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Seen something you like in our catalogue?

Find the perfect gift and save up to R5000 – As seen on the catalogue. Hurry and shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

Hot offer: Up to 50% off irons

Save up to 50% on all Philips irons. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There may be some tension that is caused through social conflicts -- personal interests versus obligations. You may feel an...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.