Apple & Alibaba: A Marriage Made in Heaven?

The transcript discusses Apple's efforts to expand its presence in China, highlighting Tim Cook's recent visit and the potential partnership with Alibaba. It addresses challenges Apple faces in the Chinese market, including government regulations and competition with local financial services. The transcript also touches on Apple Pay's issues with US retailers like CVS and Rite Aid, and Tim Cook's confidence in overcoming these obstacles.

What is the significance of the existing Apple user base in China?

What are the implications of CVS and Rite Aid disabling Apple Pay for Apple's strategy?