Friday, May 13, 2016

Apple Invests $1 Billion China's Answer To Uber, Didi Chuxing

Apple said Thursday that it has made a $1 billion investment in Didi Chuxing, China's answer to Uber, to better make inroads into the Chinese consumer market. Didi Chuxing (formerly Didi Kuaidi), is Uber's chief competitor in China. The investment is the single largest investment in Didi Chuxing ever.