Apple invests $1 billion in Didi car service
China’s largest ride-hailing service Didi Chuxing said that it has received $1 billion in a strategic investment from US tech giant Apple Inc.
The investment from Apple is the single largest investment Didi has received. Apple is among a group of Chinese and international institutions that are bankrolling Didi’s ambitious expansion plan in its latest fund raising round.
Through the investment, Apple has become a strategic investor in Didi, and joins Tencent, Alibaba and other key supporters to help further Didi’s mission of building a datadriven ride-sharing platform to serve hundreds of millions of Chinese drivers and passengers.
Didi said in a statement that it records more than 11 million rides a day on its platform, serving close to 300 million users across more than 400 Chinese cities.