Coatue Hedge Fund Bets on Didi, China’s Apple-Backed Uber Rival

  • Laffont’s fund participated in Didi funding round in April
  • Fund also added new long position in Paypal in first quarter

Why Is Apple Investing $1 Billion in Uber Rival Didi?

Philippe Laffont’s Coatue Management LLC, which manages more than $7 billion, has backed China’s biggest ride-hailing app Didi Chuxing as it competes with Uber Technologies Inc.

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