Friday, 24 November 2017

Apple ploughs $1bn into China's Uber rival Didi Chuxing

By Nick Wood, Total Telecom
Friday 13 May 16

CEO Tim Cook says investment will give iPhone maker greater understanding of Chinese market.

Apple has invested US$1 billion (€880.97 million) in Chinese car-hailing service Didi Chuxing, it emerged this week. CEO Tim Cook told Reuters on Thursday that the investment was made for strategic reasons, "including a chance to learn more about certain segments of the China market…

Apple has invested US$1 billion (€880.97 million) in Chinese car-hailing service Didi Chuxing, it emerged this week. CEO Tim Cook told Reuters on Thursday that the investment was made for strategic reasons, "including a chance to learn more about certain segments of the China market…

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