Here’s why Apple made a billion-dollar bet on the Uber of China

Apple announced on Thursday that it had invested $1 billion in Didi Chuxing, the leading ride-hailing service in China. It was a surprise for a number of reasons. A billion dollars is a lot of money, even for Apple, and the company has been reluctant to make big investments in the past.

from Pocket http://ift.tt/1smIk4C
via IFTTT

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s