Massive funding, Apple backing helped Didi outrun Uber in China

By Heather Somerville and Elzio Barreto SAN FRANCISCO/HONG KONG (Reuters) - Apple Inc's $1 billion investment in car-hailing app Didi Chuxing in May helped accelerate Uber's decision to agree a halt to a costly two-year battle with its rival in China, people close to the companies and analysts said. Didi Chuxing Technology Co and Uber Technologies Inc raised billions of dollars in funding and spent heavily on discounted rides as they slugged it out for drivers, passengers and market share in the