Apple announces $99 million new clean energy fund in China
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FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. REUTERS/Lucas Jackson/File Photo
HONG KONG (Reuters) - Apple Inc said on Monday it will set up a new clean energy fund in China worth 720 million yuan ($99.22 million), coinciding with a Beijing visit of its CEO Tim Cook.
Apple said in a statement that it is a move aimed at expanding its clean energy capacity in China, and is part of the company's efforts to transition its supply chain to 100% renewable energy by 2030.
($1 = 7.2568 Chinese yuan renminbi)
(Reporting by Jessie Pang and Beijing newsroom; Editing by Muralikumar Anantharaman)
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