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Apple’s Tim Cook signed $275 billion deal to placate China – The Information
Apple did not immediately respond to a Reuters request for comment. The five-year agreement was made when Cook made visits to China in 2016 to quash a host of regulatory action against the company, the report said, citing interviews and internal Apple documents. Cook lobbied Chinese officials, who believed the company was not contributing enough to the local economy, and signed the agreement with a Chinese government agency, making concessions to Beijing and winning key legal exemptions, the report added.