Didi Chuxing

Apple has given up its board seat at Didi Global as the Chinese ride-hailing company struggles to return to growth following crushing fines and restrictions imposed by Beijing's cyberspace regulator, reports Bloomberg's Mark Gurman. Apple CEO Tim Cook with Didi Chuxing president Jean Liu in 2016 Adrian Perica, Apple's vice president of corporate development, resigned from the board earlier...

Apple has been informed by China's cyberspace regulator that it must remove the Didi Chuxing ride hailing app from the Chinese App Store following concerns about the Uber rival's possible misuse of personal data. Apple CEO Tim Cook with Didi Chuxing president Jean Liu in 2016 The app in question is owned by Didi Global, which Apple has $1 billion invested in. Bloomberg reports that the ban...

Chinese ride-hailing company Didi has added Apple Pay as a payment option to the full range of its personal mobility services (via TechCrunch). Apple's mobile payment platform can now be used to fund Didi Express, Didi Luxe, Didi Premier, and ofo, a partner bicycle rental service embedded into the main Didi app. Image via Technode Support of the digital wallet adds another Apple feature to ...

Ride-sharing company Didi Chuxing has raised more than $5.5 billion from investors in China, marking the largest amount of funding earned by a technology company ever in the country. Didi, which Apple invested $1 billion into last year, is believed to use its new funding to expand beyond China, invest in artificial intelligence initiatives, and even look into various driverless and automated...

Didi Chuxing president Jean Liu has been named one of TIME's 2017 most influential people, and Apple CEO Tim Cook wrote an excerpt about her for the magazine. In it, Cook calls Liu a "disrupter" for building a transportation platform that offers "convenience and flexibility" to millions of commuters. He lauds Didi Chuxing's work on algorithms that improve traffic, saying the technology could...

Chinese ride-sharing company Didi Chuxing is considering a $6 billion investment offer by the Japanese SoftBank Group that could dilute Apple's stake in the company, according to people familiar with the matter. Bloomberg on Tuesday reported that the potential funding would be the single largest for a Chinese technology startup on record, but that it would mean Beijing-based Didi would have to ...

Didi Chuxing, the Chinese-hailing company that Apple invested $1 billion in, is opening an artificial intelligence lab in Mountain View, California, reports Recode. The lab will focus on intelligent driving systems and AI-based security for transportation, confirming Didi Chuxing's interest in self-driving vehicles. The facility, located less than 10 miles from Apple's two Cupertino campuses,...

Shortly after making a $1 billion investment in Chinese ride-hailing company Didi Chuxing, Apple was given a seat on the board, reports The Information. News originally suggested Apple had not received a board seat as part of the deal, but regulatory filings suggest a board appointment happened late in June. Tim Cook with Didi Chuxing president Jean Liu The board appointment occurred in late...

China-based ride-hailing service Didi Chuxing is under an antitrust investigation, spearheaded by China’s Ministry of Commerce, following Didi's acquisition of Uber's Chinese operations earlier in the summer (via The Wall Street Journal). The Ministry of Commerce said today that it's opened an investigation "after it received questions over whether the ride-hailing deal complied with the...

Over the weekend we reported that Chinese ride-hailing service Didi Chuxing had agreed to acquire the Chinese operations of rival Uber in a deal worth $35 billion. In a Reuters story filed yesterday, sources close to both companies revealed that Apple's $1 billion investment in Didi Chuxing was the driving factor in Uber's decision to agree to the deal, in return for a one-fifth stake in a...

Chinese ride-hailing service Didi Chuxing is set to acquire the Chinese operations of rival Uber in a $35 billion deal, reports Bloomberg and The Wall Street Journal. Apple notably invested $1 billion in Didi Chuxing back in May, giving Apple access to data and expertise on electric and autonomous car technology, as well as a foot in the door with the Chinese investment community. The...

As planned, Apple CEO Tim Cook arrived in Beijing on Monday for his latest visit to China, where the iPhone maker has experienced a turbulent few months. Earlier today, he caught a ride using Didi Chuxing, the Chinese ride-sharing service that Apple just invested $1 billion in, alongside the Uber rival's president Jean Liu. Cook meets with Liu, left, and developers at an Apple Store in Beijing ...

Apple announced yesterday that it has invested $1 billion in Chinese ride-sharing service Didi Chuxing, but CEO Tim Cook refused to elaborate on the reasoning behind the move, beyond saying that it will help the company better understand the Chinese market and "deliver a strong return" on its invested capital over the long term. Nevertheless, a pair of new reports suggest that Apple's...

Apple has invested $1 billion in Chinese ride-hailing company and Uber competitor Didi Chuxing, reports Reuters. The move is a strategic investment that will help the Cupertino company better understand the Chinese market, CEO Tim Cook told Reuters. "We are making the investment for a number of strategic reasons, including a chance to learn more about certain segments of the China market,"...