China taxi app Didi gets $1 billion from Apple

Apple will invest $1 billion in Chinese ride hailing app Didi Chuxing, the Beijing company said on Friday as it vies with bitter US-based rival Uber for market share in China. The injection was the "single largest investment the company has ever received," said Didi, which dominates the Chinese car-hailing market and says it has a share of almost 90 percent. Formerly known as Didi Kuaidi, it also has backing from Chinese internet giants Tencent and Alibaba, and the latest move may weaken its mos