Apple invests $1 bln in Chinese ride-hailing service Didi Chuxing

The investment gives Apple, which has hired dozens of automotive experts over the past year, a sizeable stake in Uber Technologies Inc’s chief rival in China. Cook said in an interview that he sees opportunities for Apple and Didi Chuxing to collaborate in the future.

„We are making the investment for a number of strategic reasons, including a chance to learn more about certain segments of the China market,” he said. „Of course, we believe it will deliver a strong return for our invested capital over time as well.”

Source: Apple invests $1 bln in Chinese ride-hailing service Didi Chuxing

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