Apple News

Tim Cook to Meet Didi Chuxing Developers

According to the reports confirmed, Apple’s CEO Tim Cook will be visiting Beijing China. Apple has recently invested 1 Billion US dollars in the Chinese firm. The main motive behind the trip of the Apple’s CEO Tim is to discuss the rising tension between the business of the Apple and the government of China. They have recently shut down their major services across China. This is a huge setback for the owners of the business. He wants to settle down the issues between both the parties. Cook will be meeting the developers of their latest venture company at the Apple store. Tim Cook posted a tweet saying that he is using the latest taxi service of the Apple ventured company. He was seen posting himself using the taxi service of the Didi Chuxing.

Tim Cook to Meet Didi Chuxing Developers

Didi Chuxing has managed to acquire around 300 million users from the Chinese domain and this is why Apple has invested over a billion dollars in the business. Didi Chuxing is currently valued at 26 billion dollars. In an interview with TechCrunch they have denied on their plans to get IPO any time soon for their business. Apple is facing a hard time doing business in China and this market is most favorable for them. Tim doesn’t want to leave China as he finds a lot of potential here. He is looking for ways on how he can build relationship with them. One of the purposes behind the investment could be finding a feasible way on doing business with Chinese people. Tim is very excited with his new venture and looking on a clear path way towards understanding the Chinese business behavior. Hid another motive behind the investment is to use the experience on their own upcoming electric car project under the name of “Project Titan”. This is their long drawn project which is expected to be launched by 2020.

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