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Apple’s Secret $275 billion Deal with China

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the staff of the Ridgewood blog

Ridgewood NJ, a recently published report details Apple CEO Tim Cook’s efforts to establish strong relationships between Apple and the Chinese government. Cook repeatedly visited China in the mid-2010s, signing a five-year $275 billion deal in 2016 to mitigate regulatory action by the Chinese government. The deal involved Apple helping develop technology in the country and also investing billions of dollars into building new retail stores, research and development centers, and renewable energy projects. Cook’s work is likely the reason the company has been so successful in China.