An Apple spokesperson has confirmed that a third Shanghai Apple store will be opening on Nanjing Road. Our reaction to this is really? Already? It'll be the fifth in China (there are two stores in Shanghai and two in Beijing) and the largest in the nation. Supposedly, the size of the retail space is necessary "to accommodate the crowds that routinely pack its China Apple stores, which are visited by more than 40,000 people per day-four times the average traffic in their American stores." more ›

Apple began selling refurbished products in China on Tuesday, offering discounts of up to 22 percent for consumers willing to get second-hand goods. The products on Apple's Chinese website ranged from 308 yuan for a shuffle to 14,000 yuan for an iMac. Ah, the magical circle of product life: Good gets made in China, sold in the U.S., broken in the U.S. and sold back to China. Source: Reuters more ›