Apple CEO Tim Cook Meets China's IT Minister During Beijing Visit

FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
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Apple CEO Tim Cook Meets China's IT Minister During Beijing Visit

FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo

Apple CEO Tim Cook met on Wednesday with China's Minister for Industry and Information Technology Jin Zhuanglong during a visit to Beijing this week, the ministry said in a statement.
During the meeting, Jin told Cook that he hoped Apple would continue to deepen its presence in China, increase investment in innovation, grow with Chinese companies and share the dividends of high-quality development, the statement showed.
The trip is Cook's second to China this year. His posts on the X-like Weibo social media platform showed he visited an organic farm and toured ancient neighborhoods with artists including local photographer Chen Man, Reuters reported.
China is the world's biggest smartphone market where, in recent quarters, the iPhone maker has been losing market share to domestic rivals. Apple began China sales of its latest smartphones on Sept. 20, the same day local champion Huawei launched a rival handset. The new iPhones got off to a strong start with sales rising 20% in the first three weeks of launch compared with the year-earlier model, showed data from researcher Counterpoint.
However, overall iPhone sales in China fell 2% on year during the three-week period due to declining sales of older models and increased competition with Huawei's Mate and Pura series, Counterpoint said.



Canada Sues Google over Alleged Anticompetitive Practices in Online Ads

FILE PHOTO: The logo of Google LLC is shown on a building in San Diego, California, US, October 9, 2024. REUTERS/Mike Blake/File Photo
FILE PHOTO: The logo of Google LLC is shown on a building in San Diego, California, US, October 9, 2024. REUTERS/Mike Blake/File Photo
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Canada Sues Google over Alleged Anticompetitive Practices in Online Ads

FILE PHOTO: The logo of Google LLC is shown on a building in San Diego, California, US, October 9, 2024. REUTERS/Mike Blake/File Photo
FILE PHOTO: The logo of Google LLC is shown on a building in San Diego, California, US, October 9, 2024. REUTERS/Mike Blake/File Photo

Canada's antitrust watchdog said Thursday it is suing Google over alleged anticompetitive conduct in the tech giant’s online advertising business and wants the company to sell off two of its ad tech services and pay a penalty.
The Competition Bureau said that such action is necessary because an investigation into Google found that the company “unlawfully” tied together its ad tech tools to maintain its dominant market position, The Associated Press said.
The matter is now headed for the Competition Tribunal, a quasi-judicial body that hears cases brought forward by the competition commissioner about non-compliance with the Competition Act.
The bureau is asking the tribunal to order Google to sell its publisher ad server, DoubleClick for Publishers, and its ad exchange, AdX. It estimates Google holds a market share of 90% in publisher ad servers, 70% in advertiser networks, 60% in demand-side platforms and 50% in ad exchanges.
This dominance, the bureau said, has discouraged competition from rivals, inhibited innovation, inflated advertising costs and reduced publisher revenues.
“Google has abused its dominant position in online advertising in Canada by engaging in conduct that locks market participants into using its own ad tech tools, excluding competitors, and distorting the competitive process," Matthew Boswell, Commissioner of Competition, said in a statement.
Google, however, maintains the online advertising market is a highly competitive sector.
Dan Taylor, Google’s vice president of global ads, said in a statement that the bureau’s complaint “ignores the intense competition where ad buyers and sellers have plenty of choice.”
The statement added that Google intends to defend itself against the allegation.
US regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade.
The proposed breakup, floated in a 23-page document filed this month by the US Department of Justice, calls for sweeping punishments that would include a sale of Google’s industry-leading Chrome web browser and impose restrictions to prevent Android from favoring its own search engine.