Apple Launches Store on Chinese E-Commerce Site Tmall

Apple took a significant step into the Chinese market earlier this week when it set up an official store on the Chinese e-commerce site Tmall. This site, operated by e-commerce goliath Alibaba, is currently the second largest online retailer, and according to analysis firm Euromonitor International, is Amazon.com's premier source of competition. In fact, the firm predicts that Tmall will overtake Amazon's reign by 2015. This new move in Apple's expansion plan will surely serve as an important step to help the company gain even more ground abroad and in the realms of e-commerce.