Uber China

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...