Why Apple plunked $1 billion into Chinese ride-hailing
Friday, May 13, 2016 - 17:50
in Mathematics & Economics
Apple new $1 billion investment in the Chinese ride-hailing service Didi Chuxing is as much about currying favor with regulators as directly expanding its own business, analysts said. Apple might need the help; it faces slowing iPhone sales and tougher restrictions on its services in the country.