Apple CEO Lobbied Chinese Officials To Get Preferential Treatment In Country - Reports
Faizan Hashmi Published December 07, 2021 | 09:36 PM
Apple CEO Tim Cook personally lobbied the Chinese authorities for his company to get a preferential treatment in China, The Information reported on Tuesday
WASHINGTON (UrduPoint News / Sputnik - 07th December, 2021) Apple CEO Tim Cook personally lobbied the Chinese authorities for his company to get a preferential treatment in China, The Information reported on Tuesday.
Cook was able to lay the foundation for Apple's success in China in 2016, the report said, citing interviews and internal Apple documents.
Cook visited China on several occasions at the time and tried to prevent a sudden splash of regulatory measures against his company, the report said.
The activities by the Apple CEO led both sides to sign a secret five-year deal with an estimated worth over $275 billion, the report also said.
Chinese officials promised to modernize nation's economy and technological prowess through investments and workers training, the report added.
The agreement allowed Apple to get leading positions in the Chinese market and become top-seller of smartphones in the country, according to the report.
Recent Stories
Delegation of international investors meets Finance Minister
Federal Govt stands with Balochistan for its development: Naqvi
UAE President receives condolences of Prime Minister of Pakistan over passing of ..
ECC approves to enhance wheat procurement targets
UN urges Israel to 'stop escalation' as tanks enter Gaza's Rafah city
EU stumps up $125 mn for Yemen after aid groups' plea
Governor Tessori condemns May 9 riots, calls it a 'pre-planned conspiracy'
PM condoles with UAE President over Sheikh Tahnoun’s death
Milan nets Giro 4th stage, Pogacar retains lead
UBS back in profit after Credit Suisse takeover losses
Asiya Gul lauds Shafaat's services as DG LG
President for dialogue with all political forces in Balochistan
More Stories From World
-
Slovakia records 1,100 bomb threats in a day, launches terror probe
55 minutes ago -
Football: UEFA Champions League result
55 minutes ago -
Equipment of Pakistani peacekeepers begins to move out as UN mission to D.R. Congo ends
2 hours ago -
Ramos joins Mbappe and Dembele in PSG attack against Dortmund
2 hours ago -
Paris Saint-Germain v Borussia Dortmund Champions League starting line-ups
3 hours ago -
Saudi transportation, logistic sector ready for smooth Hajj pilgrimage
3 hours ago
-
Italy PM Meloni signs cooperation deals in Libya visit
3 hours ago -
Brazilians queue for precious water as flood damage intensifies
3 hours ago -
UAE President receives condolences of Prime Minister of Pakistan over passing of Tahnoun bin Mohamme ..
4 hours ago -
UN urges Israel to 'stop escalation' as tanks enter Gaza's Rafah city
3 hours ago -
EU stumps up $125 mn for Yemen after aid groups' plea
3 hours ago -
China voices serious concern over Israel's plan to launch military operation against Rafah
5 hours ago