Thursday, August 4, 2016

Reuters: Apple’s investment in Didi Chuxing is what caused Uber to give up in China

Reuters reports that Apple's billion dollar investment in in Chinese ride-hailing service Didi Chuxing played a key role in Uber ceasing operation within the country. Earlier this week, it was announced that UberChina was being acquired by Didi. Back in May, Apple invested $1B in Didi, and in the same month the ride-hailing service was looking to...

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