Tag: Chuxing

Apple Given Didi Chuxing Board Seat Following $1 Billion Investment

October 12, 2016 admin

Shortly after making a $1 billion investment in Chinese ride-hailing company Didi Chuxing, Apple was given a seat on the board, reports The Information. News originally suggested Apple had not received a board seat as part of the deal, but regulatory filings suggest a board appointment happened late in June. Tim Cook with Didi Chuxing…

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Apple-Backed Didi Chuxing to Purchase Uber’s Ride-Hailing Operations in China

August 1, 2016 admin

Chinese ride-hailing service Didi Chuxing is set to acquire the Chinese operations of rival Uber in a $35 billion deal, reports Bloomberg and The Wall Street Journal. Apple notably invested $1 billion in Didi Chuxing back in May, giving Apple access to data and expertise on electric and autonomous car technology, as well as a…

Apple

Apple’s $1 Billion Investment in Didi Chuxing Aligned With Electric Vehicle Plans

May 14, 2016 admin

Apple announced yesterday that it has invested $1 billion in Chinese ride-sharing service Didi Chuxing, but CEO Tim Cook refused to elaborate on the reasoning behind the move, beyond saying that it will help the company better understand the Chinese market and “deliver a strong return” on its invested capital over the long term. Nevertheless,…

Apple

Apple Invests $1 Billion in Chinese Ride-Sharing Company Didi Chuxing

May 13, 2016 admin

Apple has invested $1 billion in Chinese ride-hailing company and Uber competitor Didi Chuxing, reports Reuters. The move is a strategic investment that will help the Cupertino company better understand the Chinese market, CEO Tim Cook told Reuters. “We are making the investment for a number of strategic reasons, including a chance to learn more…

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