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US media The Information alleges that Tim Cook signed a secret agreement with China for 2.14 trillion yuan to prevent China from suppressing Apple products

December 9, 2021
Source: newsdirectory3.com newsdirectory3.com
News Snapshot:
US media The Information reported that Apple CEO Tim Cook signed a five-year agreement with Chinese officials in the early years of approximately US$275 billion (approximately 2.14 trillion Hong Kong dollars) to improve relations with China and ensure that Apple Apple’s services such as Pay, iCloud and App Store will not be suppressed in China. The Information report pointed out that Cook visited China in 2016 and lobbied Chinese officials to avoid the establishment of unfavorable regulations for Apple. As Chinese officials believe that Apple’s contribution to China’s domestic economy is insufficient, iPhone sales in China have plummeted under pressure...
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Tags: agreement | app | app store | Apple | books | CEO | China | Chinese | commission | currency | development | Economy | energy | government | government affairs | Hong Kong | iCloud | iPhone | IT | iTunes | manufacturing | Renminbi | retail | technology | Yuan

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