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Apple CEO Tim Cook reportedly signed a secret $275 billion deal with China in 2016 to skirt challenges with government regulators

December 8, 2021
Source: businessinsider.in businessinsider.in
News Snapshot:
Apple CEO Tim Cook. Photo by Justin Sullivan/Getty Images Apple's Tim Cook struck a $275 billion deal with China to ease a crackdown on its business there, per The Information. Apple agreed to help firms build "the most advanced manufacturing technologies" and invest "many billions of dollars" more in China. Apple CEO Tim Cook struck a deal with the Chinese government in 2016 amid a regulatory crackdown that hobbled the company's business there, according to a new report from The Information . The five-year agreement is estimated to be worth more than $275 billion and was intended to placate Chinese...
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