“Uber hasn’t officially responded to the news that Apple hasinvested $1 billion in its Chinese rival, but a jokey tweet by the U.S. taxi app’s boss [Travis Kalanick] about his girlfriend, shows he is at least ready to make light of the situation.,” Arjun Kharpal reports for CNBC.
“The investment will most likely not be welcome news for Uber which has been struggling in China,” Kharpal reports. “In February, the ride hailing app said it’s losing over $1 billion a year in the world’s second-largest economy. Didi claims to have an 87 percent market share and is backed by some of China’s biggest internet giants including Alibaba and Tencent.”
Kalanick’s tweet:
girlfriend owns @apple shares which makes her a didi investor… #Smh #ridesharewars #domesticissues #thanksALotTim
— travis kalanick (@travisk) May 13, 2016
Read more in the full article here.
MacDailyNews Take: Funny.
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Things to know about China’s Didi, Apple’s latest $1 billion investment – May 13, 2016
Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing – May 12, 2016