Apple invests $1 bn in China's largest taxi app
Apple on Friday announced that it has invested $1 billion in China's largest taxi-hailing app Didi Chuxing (formerly known as Didi Kuaidi). Didi Chuxing said that this is its single largest round of funding so far. The company’s other major investors include Tencent, Alibaba and SoftBank. Apple CEO Tim Cook said the investment will help Apple and Didi Chuxing collaborate in future.