Apple announced on Friday it will invest 1 billion U.S. dollars in Chinese ride-hailing platform Didi Chuxing.
Didi Kuaidi was worth $6 billion February last year
China is likely to surpass the United States as Uber's largest market by the end of this year, the company said in Beijing on Wednesday.
China's ride-hailing and ride-sharing app Didi said on Wednesday that it was among a group of investors channeling 500 million U.S. dollars into Indian ride-sharing app Ola.
Chinese ride-hailing firm Didi has been licensed by the Shanghai Municipal Transport Commission for private-car booking services, in an apparent easing of tension between regulators and ride-on-demand operators.
Chinese ride-sharing company Didi Kuaidi on Wednesday announced here a decision to enter into a strategic partnership with Lyft, a U.S.-based ride-hailing firm.
简体中文
