Apple Inc. (AAPL) is making efforts to make it’s iPhones more affordable to consumers in China. According to Apple’s China website, Apple is offering up to two years interest-free financing packages for iPhones in partnership with several Chinese banks and Huabei, a consumer credit company operated by Chinese e-commerce giant Alibaba Group Holding Limited’s (BABA) Ant Financial unit.
Source: www.rttnews.com
Apple Inc. is offering interest free financing to iPhone buyers in China by teaming up with Chinese payments giant Ant Financial Services Group and several local banks. With this offering, iPhone purchasers have the option to pay in installments over 24 months. Customers are required to make a minimum purchase of 4,000 yuan to qualify for the new financing option with Ant Financial. The move would help the U.S.-based tech giant to revive slowing sales in the country.
