Apple Music launched in China

Apple Inc launched Apple Music along with iTunes Movies and iBooks in China and said the cloud-based music streaming service will roll out on Android phones this fall.

Apple will offer Apple Music subscribers access to a vast library of songs for 10 yuan ($1.57) a month after an initial three-month trial membership, the company said in a statement.

The announcement comes at a time when the iPhone maker has been struggling to reassure its shareholders about its business in China.

Chinese consumers are critical to fueling demand for iPhones, and a slump in the country's stock market and Beijing's recent devaluation of the yuan have shaken Apple investors already worried about slowing growth in the world's No. 2 economy.

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