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Apple's sweetheart deal with China: CEO Tim Cook signed 'secret $275billion deal with Beijing in 2016 promising to help develop their economy in return for quashing regulatory actions against iPhone maker'
[Daily Mail, Where America Gets Its News] I wonder what he thinks about all that now...
  • Tim Cook 'negotiated secret five-year, $275billion deal with China in 2016'

  • Apple CEO flew to China after government threatened regulatory actions

  • China agreed to exempt Apple from measures, The Information reported

  • In exchange, Apple pledged to help China develop its technology sector

  • Apple invested $1billion in Didi Chuxing, the Chinese ride-sharing start-up

  • The iPhone maker also pledged to collaborate with Chinese universities

  • Five-year deal has option for a sixth year if neither China or Apple object

  • Last month, Cook said it was Apple's 'responsibility' to do business in China

  • In third quarter of this year, Apple earned $14.6billion in Greater China

Posted by: Skidmark 2021-12-08
http://www.rantburg.com/poparticle.php?ID=619389