The huge investment will help the ride-sharing service, which operates in 400 cities, build up a platform that handles 11 million rides a day, reports Bloomberg. Other investors in Didi include Alibaba and Tencent, China’s biggest Internet companies. Apple CEO Tim Cook has talked about using the company’s $200 billion trove of cash for smart investments and this one seems to fit the bill–helping it “forge alliances in its single largest market outside of the United States. “
collections
NewsletterCourses and LearningAdvertiseCurrent IssueFast Government
The future of innovation and technology in government for the greater good
Most Innovative Companies
Fast Company's annual ranking of businesses that are making an outsize impact
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business