Apple CEO Tim Cook sat down with China's Vice Premier Li Keqiang on Tuesday to talk about "intellectual property-issues and great cooperation." But Cook has other reasons to fly thousands of miles across the globe.
Apple CEO Tim Cook visited China on Tuesday. Mr. Cook met with China’s Vice Premier Li Keqiang, who’s expected to take over for Premier Wen Jiabao in the near future. According to The Wall Street Journal, the two men – one leading the most valuable company in the world, and the other overseeing the world’s most valuable burgeoning market – discussed “intellectual-property issues and greater cooperation.”
Considering recent events, the two have a lot to discuss – including allegations that the iPad name was stolen from a Chinese company, as well as reports of poor working conditions in some of Apple’s China-based factories.
Proview Technology is demanding up to $1.6 billion from Apple because the company didn’t purchase rights to the iPad name in China, Wired reports. Apple did obtain the rights from sister company Proview Electronics, which is based in Taiwan, but corporate confusion led to allegations that Apple had not properly secured the naming rights in China, where Proview Technology claims that it still owns the iPad name.