Apple`s in China for the duration, says Tim Cook.
Apple CEO Tim Cook recently sat down for an interview to discuss the company`s continuing investments in China. Cook noted that while many companies simply want access to the country`s market, Apple is in it for the long haul, having created around five million jobs in China so far. He also talked about Apple`s investment in Did Chuxing, a Chinese taxi and private car service into which Apple invested $1 billion last year.
From Caixin:
`We`ve never invested in a developer before, and yet we met Didi, and Didi was so impressive. One, we thought their management was so great, we thought their idea was great,` Cook said. `And we liked the holistic view, they were doing everything from taxi to the more-traditional private-car thing. There was a strategic alignment. They needed some funds to continue to grow. We really want them to be successful and be global.`
Apple certainly has poured a great deal of time, money, and effort into...
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