Why Apple plunked $1 billion into Chinese ride-hailing service Didi Chuxing

Apple new USD 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. (AP) Apple new USD 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.
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