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Apple Backs Uber Competitor In China03:21
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A taxi driver uses the Didi Chuxing app while driving along a street in Guilin, in China's southern Guangxi region on May 13, 2016. (Greg Baker/AFP/Getty Images)
A taxi driver uses the Didi Chuxing app while driving along a street in Guilin, in China's southern Guangxi region on May 13, 2016. (Greg Baker/AFP/Getty Images)
This article is more than 5 years old.

Apple is investing $1 billion in a Chinese ride-hailing startup called Didi. Apple will help Didi create a platform to handle more than 11 million rides a day. Didi is the largest company of its kind in China, serving about 300 million users across the country. Apple’s investment is a blow to Uber, which is trying to catch up to Didi in China. It also signals Apple’s interest in expanding into new markets as smart phone sales are slowing. Here & Now’s Lisa Mullins talks to Mike Regan, Bloomberg Gadfly columnist, about the deal.

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This segment aired on May 13, 2016.

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