Apple CEO Tim Cook signed a deal worth more than $275 billion with the Chinese government in 2016, according to a report by investigative tech publication The Information.
The report suggests that Cook reportedly "personally lobbied officials" for concessions that would enable the iPhone maker to do business in China in exchange for over $275 billion invested into its economy over five years.
The deal followed China’s ban on iTunes in the country and its threat to do the same with applications like Apple Pay, iCloud and the App Store, as indicated in the report.
The agreement includes investing $1 billion toward Chinese ride-sharing startup Didi Chiuxing, and boosting employee training in China, according to The Information.