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May 13, 2016 10:25 am -04
Early this morning, Apple announced it's spending $1 billion for a stake in the Chinese Uber-like ride-hailing service Didi Chuxing, purportedly for "strategic reasons." But what is Didi, and why is Apple investing so heavily to get a piece of it?
Original Link: http://www.engadget.com/2016/05/13/apple-didi-chuxing-investment-explainer/
Apple's bet on Uber's Chinese rival makes plenty of sense
Early this morning, Apple announced it's spending $1 billion for a stake in the Chinese Uber-like ride-hailing service Didi Chuxing, purportedly for "strategic reasons." But what is Didi, and why is Apple investing so heavily to get a piece of it?Original Link: http://www.engadget.com/2016/05/13/apple-didi-chuxing-investment-explainer/
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Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget