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Technology Stocks : Apple Inc.
AAPL 259.08-0.5%3:59 PM EST

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From: Moonray5/13/2016 8:09:09 AM
   of 213181
 
What Apple's Investment in Chinese Car Hailing Giant Didi Really Means

It’s all about selling services in China (and taking on Uber in the process).

Apple gave Uber’s main competitor in China a big boost today in a deal that could also improve Apple’s
fledgling services in the country.

Analysts immediately speculated it could be good news for Apple Pay in China, a distant competitor to
Alibaba’s BABA -0.80% Alipay, as well as Apple’s potential project in autonomous driving; Didi has a
cache of data on traffic and rural Chinese roads.

More at: fortune.com

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