• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechChina

Here’s Why Apple CEO Tim Cook Is Visiting China

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
May 16, 2016, 4:59 AM ET
China's Fifth Apple Store Opens In Chongqing
Photograph by ChinaFotoPress Getty Images

Apple Chief Executive Tim Cook visited Beijing on Monday, days after announcing a $1 billion deal with ride-hailing app Didi Chuxing, and as the U.S. 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.

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.

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 (AAPL) did not immediately respond to a request for comment.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.