“With sales of iPhones slowing in mainland China and Apple running into trouble with regulators there, the Cupertino, Calif.-based company may see its $1-billion investment in ride-hailing service Didi Chuxing as a source of new revenue streams and goodwill in the massive market,” Julie Makinen reports for The Los Angeles Times.
“Apple recently introduced Apple Pay in the country, but it is up against fierce domestic rivals with a big head start, including Alibaba’s Alipay and Tencent’s WeChat Pay,” Makinen reports. “Apple’s iTunes movie and iBook services were recently suspended in China.”
Makinen reports, “A tie-up with Didi Chuxing – the biggest ride-hailing platform in China – could provide a leg up.”
Read more in the full article here.
MacDailyNews Take: Apple is famously averse to greasing palms in order to get things done. That is laudable, but presents a problem when greasing palms is the only way out of a sticky situation. Luckily, there are respectable, legal ways to grease the required palms.
SEE ALSO:
Uber CEO responds to Apple’s $1 billion investment in Didi Chuxing – May 13, 2016
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