Most major tech firms are continuing to invest in China despite difficult market and international conditions.
Apple CEO Tim Cook speaks during a session at the China Development Forum, held in Beijing, March 24, 2024. Credit: Tatan Syuflana via AP Photos
After years of making record profits in China, U.S. big tech companies now appear to be fighting a losing battle in the country. Apple and Tesla’s China sales have precipitously declined as Huawei and several Chinese electric vehicle (EV) manufacturers make increasingly competitive products. Combine this with China’s flagging economy, deteriorating business environment, and mounting concerns about the geopolitical risks of depending on the country, and it’s clear that the business honeymoo
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