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Apple invests $1 billion in Didi Chuxing – Business Insider

Apple is investing $1 billion in Uber's biggest rival in China

  • Apple just took a $1 billion shot at Uber
  • In an interview with Reuters, Apple CEO Tim Cook positioned this investment as a way to grow its presence in China.
  • Uber has taken the threat of Didi Chuxing  seriously. Uber CEO Travis Kalanick has committed to losing $1 billion a year in China  to compete with Didi.Â

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@businessinsider: “Apple is investing $1 billion in Uber’s biggest rival in China”


Uber may want to pay attention.


Apple invests $1 billion in Didi Chuxing – Business Insider

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