“Apple Inc may have entered the Chinese taxi-hailing app market by investing $1 billion in Didi Chuxing, but has the technology giant from Cupertino gotten its foot in the door in India’s app-based taxi market as well?” Tejal Yerunkar reports for Zee Business. “We think so.”
“With its $1 billion investment in Didi, Apple has indirectly entered the Indian app-based taxi hailing market and now owns a part of Ola,” Yerunkar reports. “Moreover, just like Lyft in the US, Didi in China, Apple is now also competing with Uber in India.”
Yerunkar reports, “In India, Ola is the largest taxi-hailing app company, competing head on with Uber, which is valued at over $60 billion.”
Read more in the full article here.
MacDailyNews Take: Intertwined with “Project Titan” or is Apple’s interest in ride-sharing services a separate concern? Or, is it really just a goodwill investment into China that just so happens to have indirect ties to other countries?
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