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Title: News: Apple investing $1 billion in Chinese ride-hailing service Didi Chuxing Post by: HCK on May 13, 2016, 04:05:23 pm News: Apple investing $1 billion in Chinese ride-hailing service Didi Chuxing
<img src="(http://assets.ilounge.com/images/uploads/stock/didi-chuxing.jpg)" /> Apple has invested $1 billion in Chinese ride-sharing service Didi Chuxing, CNBC reports. In a statement regarding the move, Apple CEO Tim Cook explained that the investment was intended to “help the company better understand the critical Chinese market.” With Apple’s sales flagging in China, and the company coming under pressure from Chinese regulators who seem to be moving to a “China first” economic policy, the move… Source: News: Apple investing $1 billion in Chinese ride-hailing service Didi Chuxing (http://www.ilounge.com/index.php/news/comments/apple-investing-1-billion-in-chinese-ride-hailing-service-didi-chuxing) |