Apple invests a billion dollars on Uber competitor

Written by Matti Robinson @ 13 May 2016 8:18 User comments (7)

Apple has been revealed to have invested a small chunk of its $130 billion bankroll on a transportation company that is one of the main rivals of Uber. Didi Chuxing is essentially the Chinese version of Uber, and it provides transportation to 11 million people daily.

Didi Chuxing (formerly Didi Kuaidi) was looking for a billion dollars worth of investment and had to look no further than Apple. The smartphone based transportation service offers cab rides, personal drivers, and premium cars in what is one of the fastest growing market for apps and technology.

Founded in 2012, the company has already gathered a few billions of investments but Apple's latest addition is the largest single investment. Apple CEO Tim Cook said that the investment is strategic and helps them understand "the critical Chinese market."

Apple is said to be developing an electric car, which seems to be the obvious reason for a such a huge investment. Also the pressure from Chinese regulators has increased on Apple, says Reuters. The investment will possibly aid both situations.

Tags: Apple

<Instagram gets a complete overhaul, renewed logo >Google readying the release of a standalone VR device

7 user comments

113.5.2016 11:53

hearme0

Send private message to this user

Senior Member

I don't think Apple should do sh*t for China.

That dishonest, thieving and overpopulated nation should get NOTHING EVER from the US.

In fact, I'm surprised that the my country hasn't banned operations and exports to China.

1.4 billion people and counting. They are unregulated, unchecked and out of control as a whole. Their left hand has no idea what the right hand is doing and therefore any little Chinese splinter groups can do what they want outside of any regulation.

213.5.2016 13:48

ddp

Send private message to this user

Moderator

you are an idiot for saying that.

313.5.2016 17:14

Mrguss

Send private message to this user

Senior Member

China is the #1 producer of new billionaires.
I like to see China as Capitalist, that as enemy.

This message has been edited since its posting. Latest edit was made on 13 May 2016 @ 6:54

413.5.2016 18:14

dude845

Send private message to this user

Senior Member

Originally posted by ddp:
you are an idiot for saying that.

514.5.2016 04:59

matthuisman

Send private message to this user

Newbie

Originally posted by ddp:
you are an idiot for saying that.

+10

Look where Democracy got the US.

614.5.2016 21:15

DarthMopar

Send private message to this user

Member

Originally posted by ddp:
you are an idiot for saying that.

+15

719.5.2016 02:30

ilikefree

Send private message to this user

Newbie

Originally posted by hearme0:
I don't think Apple should do sh*t for China.

That dishonest, thieving and overpopulated nation should get NOTHING EVER from the US.

In fact, I'm surprised that the my country hasn't banned operations and exports to China.

1.4 billion people and counting. They are unregulated, unchecked and out of control as a whole. Their left hand has no idea what the right hand is doing and therefore any little Chinese splinter groups can do what they want outside of any regulation.

If China called in all the debt owed to it USA would be in big trouble, you could say China owns USA

Comments have been disabled for this article.

	Android 16 will launch sooner than expected (01 Nov 2024 6:45) Google announced that upcoming Android 16 will break the traditional once-a-year cycle of major Android launches. Next Android is poised to launch in Q2 of 2025, so Android 16 should ship before end of June, 2025.
	Winamp ends its "open source" project that wasn't really open source (20 Oct 2024 11:12) Less than a month after the legendary MP3 player Winamp made its source code public, the company has made a sudden U-turn and removed its code from distribution. 2 user comments
	Winamp released its source code - but didn't go open source (25 Sep 2024 12:38) The source code of Winamp has now been officially released. However, it hasn't become a pure open-source project, as its licensing terms prohibit the creation of new, different versions.
	Does your phone rattle? Here's why it happens (25 Aug 2024 8:30) When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments
	CEO of Messaging App Telegram Arrested in France (25 Aug 2024 7:12) French authorities have detained Pavel Durov, CEO of the messaging service Telegram, amidst an ongoing investigation to determine whether Telegram moderates its platform adequately. 1 user comment

	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment
	GUIDE: Wi-Fi speeds are slow? Here are some tips Having problems with Wi-Fi speed and stability at home? Here are some tips to follow to alleviate the issues. 1 user comment
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
	Guide: Phone battery drains quickly - how to fix (iPhone / Android) In this guide, we go through the most typical reasons for rapid battery drain with phones, and look at potential reasons or solutions.
	Guide: Is Your Wi-Fi Sluggish or Slow? Here's How to Fix Do you have problems with you Wi-Fi? Slow connection or is it cutting off constantly? This guide aims to remedy these problems. 1 user comment

Apple invests a billion dollars on Uber competitor

7 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us:

	Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
	Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product. 1 user comment
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.