Didi Chuxing
Apple Urged by China to Remove Didi Chuxing From Chinese App Store Over Data Violations
Apple has been urged to remove the Didi Chuxing ride-hailing app from the Chinese App Store by the Cyberspace Administration of China. The notice to remove the app from the App Store follows concerns of data violations and misuse. In 2016, Apple backed Didi Chuxing's Didi Global with a $1 billion investment. According to a...
China’s Didi Considers $6B SoftBank Investment, Apple May Participate
Chinese ride-sharing company Didi Chuxing has one major problem that could cause sleepless nights for its execs: Do they really want access to a pot of $6 billion? Of course, the amount of "cash" sounds appealing, but the problem is that it comes as an investment from SoftBank-backed Vision Fund. Accepting it would dilute existing backers...
Apple-Backed Uber Rival Didi Chuxing Opens Self-Driving Lab in California
China’s largest ride hailing company Didi Chuxing has opened an AI lab in the US where engineers will focus on AI-based security and intelligent driving technologies. According to a new report from Recode, the company announced that it has officially opened its U.S.-based research lab in Mountain View, California. The facility would be headed by...
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...
Apple-Backed Ridesharing Service Didi Chuxing Acquires Uber’s Chinese Assets
It looks as though Apple's investment in the Chinese ride-sharing Didi Chuxing came just in time: Didi has announced today that it is acquiring its rival, Uber's, operations in China, hence putting an end to the ongoing rivalry between the two. In other words: Uber has lost – at least in China. As the result...
Tim Cook Visits China, Takes Cab Ride in $1 Billion Investment
In line with previous reports, Apple CEO Tim Cook has taken a flight to China to meet with app developers. He also jumped into a taxi – actually it was a Didi Chuxing car – to visit an Apple store, the place for a seminar he attended, reports CNBC. Apple recently announced that it has...