Report Alleges That Tim Cook Secretly Signed A $275 Billion Deal With China.

Report alleges that Tim Cook secretly signed a $275 billion deal with China.

San Francisco, Dec 8, 2008 : Apple CEO Tim Cook secretly signed a deal worth more than $275 Billion with Chinese officials.The deal allegedly promised Apple would help develop China’s economy through investments, business deals, and worker training.
According to internal Apple documents, the Apple CEO forged the five year agreement, which was not previously reported.It was reportedly done during the first of a series in-person visits he made in the country in 2016 in order to stop a sudden burst in regulatory actions against Apple’s company.

 Report Alleges That Tim Cook Secretly Signed A $275 Billion Deal With China.-TeluguStop.com

The documents reveal that Apple executives tried to salvage their relationship with Chinese officials before the meetings.They believed that the company wasn’t contributing enough to the local economy.

The report stated that iPhone sales plunged after the government crackdown and the negative publicity that followed it.

According to the report, Cook “personally lobbied Chinese officials” over threats against Apple Pay and iCloud.

Apple has yet to comment on this report.

Further, the report claimed that Apple had announced a $1 billion investment in Didi Chuxing in order to “mollify” authorities.

Cook and Apple COO Jeff Williams, as well as Lisa Jackson, head of government affairs, were reportedly accompanied by Lisa Jackson, who was also present at the meeting.

Apple was reportedly required to use more components made from Chinese suppliers in the devices.

It also promised to sign deals with Chinese software companies, collaborate with Chinese universities on technology, and invest directly in Chinese tech companies.

The company also stated that it would invest “many trillions of dollars more” in China than it currently spends, including on new retail outlets, research and development facilities, and renewable energy projects.

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