Tim Cook 'signed $275 BILLION deal with Chinese authorities in 2016' | Daily Mail Online
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'
By Ariel Zilber For Dailymail.com and Agencies14:49 07 Dec 2021, updated 17:23 07 Dec 2021
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he visited China in 2016 after the government shut down iTunes books and movies. Beijing was also threatening features such as Apple Pay, iCloud, and the App Store, according to The Information.
Cook and Communist Party officials came to a 1,250-word 'memorandum of understanding,' according to the report. Apple pledged to invest some $275billion into the Chinese economy over a period of five years.
2016 agreement called on Apple to help Chinese manufacturers develop 'the most advanced manufacturing technologies' and 'support the training of high-quality Chinese talents.'
Apple also pledged to sign deals with Chinese software firms, collaborate with researchers from Chinese universities, and invest in Chinese tech firms, according to The Information.
Apple is one of the few American tech giants operating in China.
In October, Microsoft-owned LinkedIn announced that it would shut down its networking service and transition to a job-seeking board after Beijing authorities reportedly gave it 30 days to better regulate its content.
LinkedIn joins other popular Western social media apps like Facebook, Google, Twitter, YouTube, Reddit, Zoom, Instagram, WhatsApp, Twitch, and many more that are blocked in mainland China.
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'
By Ariel Zilber For Dailymail.com and Agencies14:49 07 Dec 2021, updated 17:23 07 Dec 2021
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575
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- 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
- 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
he visited China in 2016 after the government shut down iTunes books and movies. Beijing was also threatening features such as Apple Pay, iCloud, and the App Store, according to The Information.
Cook and Communist Party officials came to a 1,250-word 'memorandum of understanding,' according to the report. Apple pledged to invest some $275billion into the Chinese economy over a period of five years.
2016 agreement called on Apple to help Chinese manufacturers develop 'the most advanced manufacturing technologies' and 'support the training of high-quality Chinese talents.'
Apple also pledged to sign deals with Chinese software firms, collaborate with researchers from Chinese universities, and invest in Chinese tech firms, according to The Information.
Apple is one of the few American tech giants operating in China.
In October, Microsoft-owned LinkedIn announced that it would shut down its networking service and transition to a job-seeking board after Beijing authorities reportedly gave it 30 days to better regulate its content.
LinkedIn joins other popular Western social media apps like Facebook, Google, Twitter, YouTube, Reddit, Zoom, Instagram, WhatsApp, Twitch, and many more that are blocked in mainland China.
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china is the devil 
lets sign secret business deals with them
the fukk
