Apple takes a bite out of Uber, invests $1B into chief China rival

Apple will invest $1 billion into Uber’s main car-hailing rival in China, Didi Chuxing, the tech company announced Thursday. Reuters reported that the investment will only add to the Chinese company’s sizable coffers—Reuters reported Didi is worth around $20 billion–but the investment signals that Apple is serious about the country’s… …read more