A closer look at why Apple just made a $1 billion investment in Uber’s Chinese rival

$%name A closer look at why Apple just made a $1 billion investment in Uber’s Chinese rival by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

Apple last week made a surprise announcement when it confirmed that it had made a $1 billion investment in Didi Chuxing, a ride sharing company in China that is often referred to as the Uber of China.

“We are making the investment for a number of strategic reasons,” Apple CEO Tim Cook explained, “including a chance to learn more about certain segments of the China market.”

Coy as ever, Cook’s somewhat cryptic remarks naturally led to an avalanche of speculation, particularly given rumors that Apple is developing its own electric car. Other commentators took the position that Apple’s investment was simply an old-fashioned way to curry favor with the Chinese government.

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