epa05303007 (FILE) A file picture dated 22 September 2015 shows a view of Didi Kuaidi's smartphone app for customers shown on a mobile phone along a road in Beijing, China. US technology giant Apple has invested 1 billion US dollar in the Chinese ride-sharing company Didi Chuxing (formerly Didi Kuaidi), a rival of Uber in China, the company said in a statement on 13 May 2016. Apple's investment is the largest received by the Chinese company, a leading ride-sharing company in the local market with a share of 87 percent owing to its 300 million users, who hire 11 million rides daily. EPA/HOW HWEE YOUNG
BEIJING: Apple has invested US$1bil (RM4.04bil) in Chinese ride hailing app Didi Chuxing, the Beijing company said as it vies with bitter US-based rival Uber for market share in China.
The injection was the “single largest investment the company has ever received,” said Didi, which dominates the car-hailing sector in China and says it has almost 90% of the market.
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