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May 13, 2016 04:01 am GMT
Apple made the bombshell announcement today that it has invested $1 billion in China’s top ride hailing app. Didi Chuxing (formerly called Didi Kuaidi) is often described in U.S. media as Uber’s Chinese rival, but it already dominates the market by far. The company claims it fulfilled one billion rides last year and holds 87 percent of the country’s private ride-hailing market. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/H33wCIz1-dA/
Apple invests $1B in Didi Chuxing, Chinas largest ride-hailing app
Apple made the bombshell announcement today that it has invested $1 billion in China’s top ride hailing app. Didi Chuxing (formerly called Didi Kuaidi) is often described in U.S. media as Uber’s Chinese rival, but it already dominates the market by far. The company claims it fulfilled one billion rides last year and holds 87 percent of the country’s private ride-hailing market. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/H33wCIz1-dA/
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