Apple Helped Drive Uber Out of China

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Apple and Uber in China

Uber and Didi were locked in a battle to outspend each other in China in hopes of becoming the dominant name in the ride sharing market. When Apple invested US$1 billion in Didi, however, Uber knew that strategy wouldn’t work and agreed to a deal where Didi bought out its Chinese operations.

Didi Buying Uber China Could Spell Opportunity for Apple

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Uber China sold to Didi

Apple’s US$1 billion investment in Didi Chuxing just became more interesting because the ride sharing company is buying rival Uber’s China business in a deal valued at $35 billion. Didi is also investing in Uber outside of China, and that means Apple’s interest in the ride sharing market may get a lot bigger.