Apple invests $ 1 billion in Didi Chuxiong, Uber’s rival in China

Apple invests $ 1 billion in Didi Chuxing, Uber's rival in China.  Apple will help Didi to develop its platform for sharing data, a useful tool for the Chinese company that makes more than 11 million trips per day and serves 300 million customers.

The Apple investment for Didi is very important. The Chinese company is engaged in a round of fundraising by $ 2 billion, with whom is valued $ 25 billion. The Chinese market is growing and Didi and UberChina they battle to win customers and investors. Although for many start up recently to collect funds has become very difficult with the economic slowdown, Didi is the exception. Its valuation has rocketed from February 2015, when it was worth $ 6 billion.

Tim Cook, Apple's CEO said in a telephone interview that the agency New China entry into Didi has "a number of strategic reasons, including the opportunity to learn more about some segments of the Chinese market".
"We see many opportunities for closer cooperation between the two companies, and we also believe that it can offer solid returns," added Cook, that the move also reflects Apple's interest in activities in the rapid growth of Didi and confidence on the trend economy of long-term Chinese.