Tag: Didi

Apple CEO Tim Cook touts Didi Chuxing’s data gathering abilities, strong community ties

Apple CEO Tim Cook wrote a profile of Didi Chuxing president Jean Liu as part of the "TIME 100 Most Influential People" special, offering insight into Apple’s investment in the… Read more »

Apple mulls joining reported SoftBank-backed investment in Didi to avoid dilution of existing stake

Japanese tech giant SoftBank is reportedly in talks to back a $ 6 billion investment in Chinese ride-hailing firm Didi Chuxing, a move that could dilute stakes of existing backers… Read more »

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

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… Read more »

Apple’s Didi investment is surprising but good use of massive $233B cash hoard, analyst says

Investment firm Piper Jaffray views Apple’s Didi funding as a new direction for the company, providing long-term strategic positioning benefits in China’s expanding automotive industry. AppleInsider – Frontpage News

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

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… Read more »