Apple Signed Secret $275bn Deal with China: The Information

Apple’s iPhone recently became the top-selling smartphone in China, but the company owes that success to CEO Tim Cook, who secretly signed an agreement with Chinese officials, The Information reported.

With the a $275 billion-plus pact, Apple promised it would do its part to develop China’s economy and technological prowess through investments, business deals and worker training.

Read the full report: The Information.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.