Apple Backs Didi With $1 Billion in Blow to Uber in China

By
Lulu Yilun Chen
,
Alex Webb
, and
Shai Oster
Updated on
  • Uber’s largest rival gains new cash in battle for users
  • Apple is under pressure to find new sources of growth

Apple Invests $1B in China's Didi

Apple Inc. is investing $1 billion in Didi, giving the Chinese ride-hailing startup a powerful ally and dealing a blow to Uber Technologies Inc. as it tries to build its business in the country.

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