Re:Apple CEO Tim Cook 'secretly' signed $275B deal with Chin...
by MangoCoffee on Wednesday December 08, 2021 @04:02PM
(#29490467)
>their global sales rely on first manufacturing in China?
for the past years but China's wages is increasing and Chinese crack down on tech company like Alibaba, Tencent, DiDi...etc. would it extend to foreign company? Not to mention the rise of Chinese domestic tech company like Xiaomi.
it look like Apple is not making their money back in China with this deal.
"To placate Beijing, though, some capital may have served more like donations to state enterprises and local governments. The company generated $249 billion of sales in Greater China over the last five years, less than the pledged amount."
for the past years but China's wages is increasing and Chinese crack down on tech company like Alibaba, Tencent, DiDi...etc. would it extend to foreign company? Not to mention the rise of Chinese domestic tech company like Xiaomi.
it look like Apple is not making their money back in China with this deal.
"To placate Beijing, though, some capital may have served more like donations to state enterprises and local governments. The company generated $249 billion of sales in Greater China over the last five years, less than the pledged amount."
https://www.reuters.com/breakingviews/apples-ugly-china-deal...