Jump to content
From Servicing to Roadside Assistance - Drive Worry-Free with Sgcarmart for $99 ×

Apple invests S$1.37 billion in Chinese ride-sharing service

Apple invests S$1.37 billion in Chinese ride-sharing service

chitchatboy

Entry posted by chitchatboy ·

3,638 views

blog-0347485001463197271.jpg

blogentry-133713-0-73244500-1463197268_thumb.jpgAccording to Bloomberg, Apple has invested S$1.37 billion in Didi Chuxing, a Chinese ride-sharing service that is Uber's biggest rival in China. It is also Apple's first foray into the automotive industry.

 

Apple will be helping Didi Chuxing build up a platform to handle more than 11 million rides a day and 300 million users across China. The report also says that the tech giant is looking for ways to grow even further, with CEO Tim Cook preferring services with higher profit margins, as well as searching for ways to better infiltrate the Chinese market.

 

At the moment, Didi Chuxing holds more than 87 percent of the Chinese market and claims that Apple's investment is the largest it has received.


2 Comments

Recommended Comments

Poper

It's billion not million, dude.. what's the big deal if it's just millions for the most cash rich company in the world.

Link to comment
Still2016

It seems not only apple but Temasek also have a hand in it.

 

Is there something we are missing?

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Godzilla Minus One: Surprisingly emotional and poignant

    When one thinks of Godzilla movies, one imagines an oversized amphibious dinosaur generating a terrifying heat ray from its mouth and fighting with other oversized monsters. Meh, nothing special, right? Wrong. Here’s why Godzilla Minus One should be an action movie you should definitely catch. In this version, the timeless clash between monster and man is once again set against the tumultuous backdrop of post-war Japan. But, unlike typical action films that dive headfirst into destruction a
    chrissyc

    chrissyc

    0

    A 20-year journey, an old passion rekindled

    For us 90s babies, the Holy Trinity of Disney Channel, Nickelodeon, and Cartoon Network formed a big part of our childhood. The internet was just about coming into fruition, with the rise of a plethora of websites with numerous entertaining flash games and of course, the early days of YouTube. And though those things have come and gone, one thing in my life remained constant: My love for Pokemon. I first got into Pokemon 20 years ago, and I remember exactly how it went down. Let me set the

    Musings about the Pomodoro Method

    In a hyper-connected mega-city, where time seems to tick at a relentlessly brisk pace and where distractions are aplenty, pondering the art of productivity and focus is inevitable. In fact, it’s almost become a necessity. No wonder so many listicles have been written to point us in the right directions. Different methods works for different folks, of course, and when I was in my final year of university, I was introduced to a method that I regularly return to still: The Pomodoro Method, a d

    In a hyper-connected world, your physical presence is more important than ever

    The advent of apps and the Internet have revolutionised our ability to connect instantaneously. From social media to video calls to messaging apps, our capacity for real-time communication is unprecedented. However, it seems that the more hyperconnected we are online, the further apart we're growing in real life. Experts' Consensus Doctors, scientists, and specialists have all reached the same conclusion: Staring at our devices causes us to drift further apart – a trend I've obser
    jeresinex

    jeresinex

    1
×
×
  • Create New...