Apple is to invest $1bn in
Didi Chuxing — the biggest injection received by the lossmaking Chinese ride-hailing app that is Uber’s main competitor in the country, and the US group’s biggest minority investment.
Formerly known as Didi Kuaidi, the company has been valued at $20bn in recent funding rounds, up from $15bn last July. Apple did not specify what size of stake it will receive.
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