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Apple Invests $1 Billion in Chinese Firm Didi Chuxing

Apple seems to be investing lot of time and money in supporting the business of the other startups too. One of the latest conversations with Tim Cook has revealed that he is sincerely interested in building the foundation of the others startups. His one of the latest investment includes 1 billion dollars with ride‐hailing service known as Didi Chuxing. Recently Tim has been hit by sale numbers in China due to the ban of the most of the services in China by its government.

Apple Invests $1 Billion in Chinese Firm Didi Chuxing

Apple’s CEO Tim Cook is travelling to the various parts of the nation to strengthen his roots of the business to give them an opportunity to serve. Tim says that he saw various opportunities in the company and so is why he made the investments in the company. One of the reasons behind the investment in China is to explore the market. After the recent shutdown of the services, Tim is exploring more to finds how they can penetrate markets.

Didi Chuxing is excited about the investment in their firm by the tech giant Apple. They say that it is the single largest in their firm. Analysts say that the deal could bring some positive light to the status of iPhone in China. Apple is working on their project of their Apple cars and it is seen as one of the biggest projects so far. Apple is seen to be investing a lot of money of their project and they have also hired the top notch from all the major motor companies. The investment in the Didi Chuxing is seen as an important aspect for the company. Apple is excited towards working with their new partnered venture firm. Apple has not confirmed yet by which year they will be launching their car in the market however it is assumed that before 2020 Apple should be able to launch the full‐fledged model

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