Apple invests $1 bn in Chinese ride-hailing service Didi Chuxing

Apple is trying to reinvigorate sales in China, where it has come under greater pressure from regulators (Source: Reuters)
Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.
The tech giant’s rare investment gives it a stake in two burgeoning waves of technology – the sharing economy and car technology – as the iP