Apple Invests $1 Billion In Chinese Ride-Hailing Company Didi Chuxing
Apple is investing $1 billion in Chinese ride-hailing service Didi Chuxing. Apple Chief Executive Tim Cook says the move will help the company gain a better understanding of the Chinese market. In China, Didi already leads Uber, so this investment sets the stage for a big competitive battle between Apple and Uber.
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