Apple’s Flagship Shanghai Store Buzzes as iPhone 15 Goes on Sale 

People line up to purchase newly-launched iPhone 15 mobile phones at an Apple store in Hangzhou, in China's eastern Zhejiang province on September 22, 2023. (AFP)
People line up to purchase newly-launched iPhone 15 mobile phones at an Apple store in Hangzhou, in China's eastern Zhejiang province on September 22, 2023. (AFP)
TT
20

Apple’s Flagship Shanghai Store Buzzes as iPhone 15 Goes on Sale 

People line up to purchase newly-launched iPhone 15 mobile phones at an Apple store in Hangzhou, in China's eastern Zhejiang province on September 22, 2023. (AFP)
People line up to purchase newly-launched iPhone 15 mobile phones at an Apple store in Hangzhou, in China's eastern Zhejiang province on September 22, 2023. (AFP)

Over a hundred customers queued inside Apple's flagship store in the Chinese financial hub of Shanghai on Friday, waiting to pick up their iPhone 15 orders on the first day of in-store availability.

How Apple's latest iPhone sells in China is under close scrutiny by fans and market watchers alike, after widening curbs on iPhone use by government staff and the release of a high-end rival from domestic manufacturer Huawei sparked concern about demand for the device in its third-largest market.

But the strength of pre-orders in the world's second-largest economy, which began last Friday, has eased worries, with delivery times pushed into November and the premium iPhone 15 Pro and Pro Max selling out in just one minute on Alibaba's Tmall e-commerce site.

Local media reported the queue at the store on Shanghai's East Nanjing road shopping belt started forming at 5 a.m. (1000 GMT).

Among those at the store was social media influencer Zhang Ming, 25, who said she wanted to try out the iPhone 15 after being unsuccessful in pre-ordering online.

"I always like to look (at the new devices). When I buy Apple products I only look at the color. If I like the color I will buy it," she said.

The iPhone 15 includes a new titanium shell, a faster chip and improved videogame-playing abilities. Apple also surprised by not raising prices, reflecting the global smartphone slump.

But some customers at the store lamented the lack of significant upgrades from the previous model. Real estate worker Wang Puyu, 29, said he was only purchasing a new model because he had promised to give his iPhone 14 to his nephew.

"I normally upgrade every year. But this year, I am not very satisfied."



Google Hires Windsurf Execs in $2.4 Billion Deal to Advance AI Coding Ambitions

FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
TT
20

Google Hires Windsurf Execs in $2.4 Billion Deal to Advance AI Coding Ambitions

FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo

Alphabet's Google has hired several key staff members from AI code generation startup Windsurf, the companies announced on Friday, in a surprise move following an attempt by its rival OpenAI to acquire the startup.

Google is paying $2.4 billion in license fees as part of the deal to use some of Windsurf's technology under non-exclusive terms, according to a person familiar with the arrangement. Google will not take a stake or any controlling interest in Windsurf, the person added.

Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some members of the coding tool's research and development team will join Google's DeepMind AI division, Reuters reported.

The deal followed months of discussions Windsurf was having with OpenAI to sell itself in a deal that could value it at $3 billion, highlighting the interest in the code-generation space which has emerged as one of the fastest-growing AI applications, sources familiar with the matter told Reuters in June.

OpenAI could not be immediately reached for a comment.

The former Windsurf team will focus on agentic coding initiatives at Google DeepMind, primarily working on the Gemini project.

"We're excited to welcome some top AI coding talent from Windsurf's team to Google DeepMind to advance our work in agentic coding," Google said in a statement.

The unusual deal structure marks a win for backers for Windsurf, which has raised $243 million from investors including Kleiner Perkins, Greenoaks and General Catalyst, and was last valued at $1.25 billion one year ago, according to PitchBook.

Windsurf investors will receive liquidity through the license fee and retain their stakes in the company, sources told Reuters.

'ACQUIHIRE' DEALS

Google's surprise swoop mirrors its deal in August 2024 to hire key employees from chatbot startup Character.AI.

Big Tech peers, including Microsoft, Amazon and Meta, have similarly taken to these so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny.

Microsoft struck a $650 million deal with Inflection AI in March 2024, to use the AI startup's models and hire its staff, while Amazon hired AI firm Adept's co-founders and some of its team last June.

Meta took a 49% stake in Scale AI in June in the biggest test yet of this increasing form of business partnerships.

Unlike acquisitions that would give the buyer a controlling stake, these deals do not require a review by US antitrust regulators. However, they could probe the deal if they believe it was structured to avoid those requirements or harm competition. Many of the deals have since become the subject of regulatory probes.

The development comes as tech giants, including Alphabet and Meta, aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead the next wave of AI.

Windsurf's head of business, Jeff Wang, has been appointed its interim CEO, and Graham Moreno, vice president of global sales, will be president, effective immediately.

The majority of Windsurf's roughly 250 employees will remain with the company, which has announced plans to prioritize innovation for its enterprise clients.