Apple backs Uber rival

Apple has put $1 billion into Chinese ride-hailing start-up Didi Chuxing
Didi Chuxing graph

Apple has invested $1 billion in Chinese ride-hailing start-up Didi Chuxing.

“The endorsement from Apple is an enormous encouragement and inspiration for our four-year-old company.”

Cheng Wei, founder and chief executive, Didi Chuxing