According to the two companies, Apple has invested $ 1 billion in the upstart, valued at over 25 billion dollars, more than 200 billion.
Didi, thus a of China’s most valuable startup companies, fighting the Uber at home on the growing market for rideshare in private cars.
Apple has not given any reasons for the investment, but according to the Wall Street Journal (WSJ) linked investment to the company ambitions in autonomous vehicles. Even Uber has a large number of employees who work with the new technology.
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Investment in Didi is the largest Apple has done since the headphone manufacturer Beats streamingtjänsen was acquired in 2014.
the share purchase is unusual for Apple, notes the WSJ on. The company normally prefer to completely take over smaller companies and incorporating their technology into its own products.
Apple’s entry, which is considered a prestigious win for Didi, represents the largest investment to date in the Chinese company. Other famous names in the shareholder list, Alibaba and Tencent Holdings.
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According to the WSJ Didi is China’s biggest player in the sector, with a bigger market share than Uber China. At the beginning of the year the company was present in more than 400 Chinese cities – while Uber were found in more than 45 cities, with the goal of reaching 100 cities throughout the year.
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