Apple Backs Didi With $1 Billion in Blow to Uber in China

Apple Inc. is investing $1 billion in Didi, giving the Chinese ride-hailing startup a powerful ally and dealing a blow to Uber Technologies Inc. as it tries to build its business in the country. The iPhone maker will help Didi build up a ride-sharing platform that handles more than 11 million rides a day and serves about 300 million users across China...
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