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Apple invests $1 billion in China's biggest ride-sharing company

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Apple invests $1 billion in China's biggest ride-sharing company


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Is an iCar exhibiting up on our crystal balls?

It positive looks find it irresistible after it used to be introduced on Thursday that Apple has invested $1 billion in China’s greatest Ride-sharing company Didi Chuxing.

In Step With Apple CEO Tim Prepare Dinner, the strategic transfer was made to help the company better keep in mind the Chinese market, the 2nd greatest after the U.S.

SEE ALSO: Apple is not going to end track downloads in 2 years, but it is going to at some point

“We’re making the investment for a number of strategic causes, together with an opportunity to analyze More about certain segments of the China market,” Prepare Dinner told Reuters.

The investment comes at a crucial time for Apple seeing it has had a few upsets in the Chinese Language market prior to now few months. On prime of flagging gross sales, Apple was ALSO blocked from promoting iBooks and films within the u . s .. Learn More…

More about China, Experience Sharing, Ride Hailing, Trip Hailing Apps, and Apple

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