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
NewsletterCurrent IssueRecommender
The apps, books, movies, music, TV shows, and art are inspiring our some of the most creative people in business this month
Strong Female Lead
The struggles and triumphs of prominent women in leadership positions
Productivity
Productivity tips and hacks
Platform Wars
The major tech ecosystems that battle for our attention and dollars
Tech Forecast
What’s next for hardware, software, and services
Most Innovative Companies
Our annual guide to the businesses that matter the most
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
FastCo.Works Studio
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens
Follow us:
