July 11 (Bloomberg) -- Hon Hai Precision Industry Co.’s unit Cybermart International plans to spend NT$47 billion to open electronics retail stores selling Apple Inc. products in China, the Economic Daily News reported, citing the unit’s Chairman Steve Chang.

To contact the reporter on this story: Andrea Wong in Hong Kong at awong268@bloomberg.net

To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net