Foxconn to Open 500 Apple Licensed Retail Shops in Greater China

Foxconn is planning to open 500 Apple licensed stores via its Cybermart retail chain in Greater China, according to a DigiTimes report.

Cybermart International, a major retail chain in China and a member of the Foxconn Group, has obtained the status as a first-grade distributor for Apple's products in the Greater China area.

Cybermart plans to set up 500 Apple licensed retail shops in China, Hong Kong and Taiwan, according to company chairman Steve Chang. The first store will be opened in Tianjin on April 1, 2011.

Cybermart currently has 34 outlets and plans to add 7-8 more this year.