Apple CEO Tim Cook Visits Beijing After China Woes, Didi Deal

Advertisement
By Reuters | Updated: 16 May 2016 14:27 IST
Apple Inc Chief Executive Tim Cook visited Beijing on Monday, days after announcing a $1 billion deal with ride-hailing app Didi Chuxing, and as the US firm tries to reinvigorate sales in China, its second-largest market after the United States.

From weakening smartphone sales to the loss of an iPhone trademark dispute and the suspension of some of its online entertainment services, Apple has been facing a flurry of problems in recent weeks in China.

Cook has planned to meet high-level government officials, a source familiar with the matter said earlier this month.

At an Apple Store in central Beijing on Monday, Cook met with Didi Chuxing President Jean Liu, according to the ride-hailing company on Monday. Cook has said the investment would help Apple better understand the critical Chinese market.

Advertisement

Didi is working towards an IPO in the United States that would likely take place in 2018, a person with knowledge of the plan said on Monday.

Advertisement

Also present at the Apple Store meeting were executives from other app companies, including Meituan-Dianping, a group buying and order-in service firm.

Apple did not immediately respond to a request for comment.

Advertisement

© Thomson Reuters 2016

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Xiaomi 15T Arrives on Geekbench With 12GB of RAM and This MediaTek SoC
  2. Kannappa to Stream on Amazon Prime Video Soon: All You Need to Know
  1. BCCI Says Crypto, Real Money Gaming Platforms Can’t Bid for Team India’s Title Sponsorship
  2. Scientists Discover Hidden Mantle Layer Beneath the Himalayas Challenging Century-Old Theory
  3. Astronomers Propose Rectangular Telescope to Hunt Earth-Like Planets
  4. Microsoft Testing Native Clipboard Sync Feature to Share Text Between Windows PCs, Android Devices
  5. Su From So OTT Release: When and Where to Watch This Kannada-Language Horror-Comedy Online
  6. Sennheiser Momentum 4 Wireless 80th Anniversary Edition Launched in India With Up to 60 Hour Battery Life
  7. Call of Duty Film Adaption Said to Be a 'Priority' at Paramount, Negotiations on to Acquire Rights
  8. Cannibal Solar Storm May Trigger Auroras as Powerful Geomagnetic Storm to Hit Earth Soon
  9. Apple's iPhone 8 Plus Listed as Vintage Product Ahead of iPhone 17 Launch, 11-Inch MacBook Air Now Obsolete
  10. Hidden Reason Behind Portugal’s Deadly Earthquakes Finally Explained
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.