Tim Cook Says Chinese Security Talks Were 'Very Open', Bringing Apple Pay to China a Priority
Tim Cook was optimistic about Apple's relationship with China following a meeting with top Chinese government officials in Beijing on Wednesday to discuss data privacy and security. Cook told China's Xinhua news agency (Via Reuters) that he had "very open" talks with a senior official.
Chinese vice premier Ma Kai, a member of the CPC Central Committee Political Bureau, met with the CEO of the world's most valuable company on Wednesday morning. They had discussed a series of topics including privacy and security. Cook described it as "very open", "fascinating" and "impressive", but he declined specifics.
As part of the interview, Cook also confirmed Apple's plan to launch Apple Pay and other technologies in China saying, "China is a really key market for us. Everything we do, we are going to work it here. Apple Pay is on the top of the list." Cook spoke to Xinhua News during his 4-day-long trip to China, which saw the CEO also visit a Foxconn factory in Zhengzhou City.
China is an increasingly important market for the Cupertino company, which now has 16 percent of the smartphone market share behind Samsung (23 percent) and Xiaomi (21 percent). Apple plans to expand its presence even further in the country by opening 25 new stores in the next two years.
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Top Rated Comments
Probably true. Also true is how important China is for Apple. This means that like it or not, Tim has got to play the game. And play it well.
I leaned from my wife who is a Chinese...
It is interesting that you consider the poster's understanding of world finance to be shallow when you are simply repeating a conspiracy view that was hijacked by anti-government anarchists a long time ago.
Umm... wrong. Japan has only one twelfth the population compared to China, and is still a more powerful market. Germany, France, UK - all much smaller than China. Not understanding your illogical statement.
Wrong. You neglect to consider the Crown Corporation with its worldwide chain of central banks including the Bank of England and the Federal Reserve. There is no free market anywhere any more, and your understanding of world finance and economy is very shallow.