By Isabella Steger
Quartz
Oct 17, 2016
Geoffrey Cain says that South Korean President Park Geun-hye has turned out to be “less friendly” to chaebols compared to her predecessor, the ultra-conservative president Lee Myung-bak.
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For years, Tim Cook insisted Apple could change China from the inside. Instead, China changed Apple.
The latest evidence? Apple spent billions developing cutting-edge electric vehicle battery technology with Chinese automaker BYD, only to watch its innovations become the cornerstone of BYD’s rise to global electric vehicle dominance. Apple walked away with nothing. China walked away with everything.
This isn’t just another story about corporate research and development gone wrong. It’s a cautionary tale about how even America’s most valuable company has become trapped in China’s web of technological control — and how that web is about to tighten even further.