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Apple bets on 'unicorn' Didi to take on Uber in China

Apple bets on 'unicorn' Didi to take on Uber in China

Fri, May 13, 2016

Apple Inc has invested $1 billion in a Chinese app-based taxi-hailing company called Didi Chuxing, formally called Didi Kuaidi.  The company said that it has 87% marketshare in China and completes more than 11 million rides a day. It is Uber's largest rival in China.

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