Didi Chuxing

Apple Receives Board Seat At Didi Chuxing After $1B Investment

Weeks ago, Apple invested $1 billion into China-based ride-hailing service Didi Chuxing. Now, according to a recent regulatory filing reported by The Information, Apple received a seat on the board of the Chinese company, though the appointment in late June was not disclosed at the time of investment. Tim Cook with Didi Chuxing president Jean […]

China’s Antitrust Regulator Investigates Didi-Uber Deal

The ridesharing startup Apple has just invested $1 billion dollars in is currently under formal investigation by the anti-trust authorities, China's Commerce Ministry announced on Friday, as reported by the Wall Street Journal. The main reason the startup captured the attention of the anti-trust regulator is that Didi has recently announced it will acquire Uber's Chinese...

Apple’s $1B Investment in Didi Accelerated Uber’s Sale in China

Apple's surprise $1 billion investment in Chinese ridesharing service Didi Chuxing in May turned out to be decisive in the competition against UberChina, people close to the companies have told Reuters. As the news outlet points out, there was an ongoing fund raising rivalry between the two ridesharing services in China. Didi and Uber raised billions...