Uber’s biggest competition is now backed by Apple — here’s what it’s planning for the future

We finally have some clues as to what Didi Chuxing may do with some of its $1 billion Apple investment. In case you’re not familiar, Didi is an extremely popular ride-hailing app in China that is basically crushing Uber and other competitors in the region. The company averages about 11 million rides a day, and has 300 million users across 400 Chinese cities. What’s more, it completed 1.4 billion rides in 2015 alone. By comparison, Uber is active in 60 cities across China, with plans to reach 100 cities by 2016. Uber’s carpooling service, UberPOOL, was completing 20 million rides per month as of May. Recently, Apple bet big on Didi by investing $1 billion. So far, both Didi and Apple have kept mum about how exactly that money would…


Link to Full Article: Uber’s biggest competition is now backed by Apple — here’s what it’s planning for the future