Cybermart wins Chinese Apple distribution deal

Cybermart, a major Chinese retail chain, has won a distribution deal with Apple to sell its products in China, according to a new report. Citing Cybermart chairman Steve Chang, DigiTimes reports that the retailer plans to set up 500 Apple-licensed retail shops across China, Hong Kong, and Taiwan. The report states that the first store will be opened in Tianjin on April 1; the company currently has 34 outlets in the country. Notably, Cybermart is part of the Foxconn Group, one of Apple’s most important manufacturing partners.