Apple CEO Cook has pledged to set up a full-fledged research and development facility to be open later this year in the country.

As per the sources Cook met senior Chinese government officials including Vice Premier Zhang Gaoli, during his visit to the country this week. They are expanding their operations in China with a new research and development centre.

On his last visit to China, Cook announced to invest $1 billion in Chinese ride-hailing service Didi Chuxing.

Nearly 20 Chinese banks have let their customers tie their bank accounts to Apple Pay, and UnionPay has provided compatible point-of- sale (POS) terminals for users to complete the transactions.

last year Cook said that China would be Apple’s largest market within two years and that the number of Apple stores in China would almost double to 40 within that time frame.

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