Apple Invested $1 Billion In China

Why Apple Invested $1 Billion In China’s Uber

Apple made the surprise announcement Friday that it is making a $1 billion investment in Chinese ride-hailing app Didi Chuxing, which is Uber’s main competitor in China. It is unlikely Apple is interested in concerning itself with the ins and outs of the Chinese ride-hailing app market, but it has lots to gain from its big…