Apple Invests $1 Billion in China’s Uber Rival Didi Chuxing — TIME

Apple has invested $1 billion into a Chinese ride-hailing service in an effort to fortify ties with China’s booming consumer market. The service, Didi Chuxing, is Uber’s biggest rival in the world’s most populous country, completing 11 million rides a day — 87% of China’s ride-hailing market, Reuters reported. The Apple investment is the largest…

via Apple Invests $1 Billion in China’s Uber Rival Didi Chuxing — TIME

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