Apple's Chinese suppliers catapult to a new level

TAIPEI -- In early December, Apple Chief Executive Tim Cook toured a Shanghai factory owned by Luxshare ICT, a Chinese company that has risen from obscurity in the last decade to become a key supplier to the U.S. tech giant. Reflecting later on what he saw, Cook praised Luxshare founder Grace Wang, who started out as a factory worker on a Foxconn production line and ended up the leader of a tech company with more than 20 locations around the world. "This is an extraordinary example of a Chinese dream being realized," Cook said.