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

Hans Tung, GGV Capital managing partner, and Bloomberg's Alex Webb discuss Apple's $1 billion investment in Didi. They speak with Bloomberg's Brad Stone on "Bloomberg West." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/17)
08:07 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Pablo Goldberg, head of emerging markets fixed income research at BlackRock, Neil Dutta, head of U.S. economics at Renaissance Macro Research, and Chad Morganlander, portfolio manager at Washington Crossing Advisors. (Source: Bloomberg)
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  • Global Economy Chugs Forward
  • China Begins Privatization Push