[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
|