Apple will invest $ 1 billion in the Uber competitor in China – News Economy

Print Apple will invest $ 1 billion in online service taxi Didi Chuxing, reports The Wall Street Journal. Didi Chuxing in China is the main competitor UberChina, investors assess the value of the company at $ 25 billion. Details of the transaction were not disclosed.

“Didi is an innovative example. We are very impressed with the business that they have created, and their excellent team and we plan to support them at this stage of development “, – said Apple CEO Tim Cook

In addition, Apple said that the deal will allow the company to better understand the Chinese market

“We are making an investment on the basis of a number of strategic reasons, including (it gives us – Ed.). a chance to learn more about some of China’s market segments”, – quotes Reuters Cook. “Of course, we believe that these investments over time will bring a strong impact,” – said Cook

At Apple this week for the sixth time in a row took first place ranking the most expensive brands in the world, according to Forbes.. According to the publication, the brand value of the company was $ 154.1 billion, adding about 6% over the past year.