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Apple had a secret agreement with China for 275 billion dollars

December 10, 2021
Source: world-today-news.com world-today-news.com
News Snapshot:
An unknown agreement between Apple and the Chinese authorities in 2016 was revealed by The Information . With a $ 275 billion five-year contract between the technology giant and a Chinese government agency, CEO Tim Cook aimed to avoid regulatory obstacles to the company’s operations in the country. The agreement includes cooperation with local businesses and direct investment in Chinese companies, as well as a partnership in science and technology , the publication said, citing interviews and company documents. In 2016, Apple’s sales in China fell by 17% after the company fell under the target of Chinese regulators. According to...
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Tags: agreement | app | app store | Apple | Apple Pay | Apple Watch | Business | CEO | China | Chinese | commission | contract | development | Diaoyu Islands | diplomacy | education | environment | Giant | government | iCloud | investment | IT | Peace | Software | technology

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