“A lot of people will be talking about news this morning that Didi is to buy Uber China in a deal valued at around $35 billion, a deal that puts Apple firmly in the ride-sharing market,” Jonny Evans writes for Computerworld.
“What’s setting speculation free is Apple’s recent billion-dollar investment in Didi and its widely reported Apple Car plans,” Evans writes. “Discussing the deal during last week’s financial call, Apple CEO, Tim Cook said: ‘We are making the investment for a number of strategic reasons, including a chance to learn about certain segments of the China market. Of course, we believe it will deliver a strong return for our invested capital over time as well.'”
“What is also interesting is Didi’s existing relationships with other Uber competitors including Lyft in the US, India’s Ola and Southeast Asia’s Grab,” Evans writes. “What that means is that for the cost of its billion-dollar Didi investment, Apple now has a stake in Uber and relationships with ride hailing services worldwide.”
Read more in the full article here.
MacDailyNews Take: Expect the fruits of Apple’s “Project Titan” to positively impact the environment through technology and also very likely, by changing vehicle usage/ownership, especially in urban areas.
Didi Chuxing to buy Uber’s China business in $35 billion deal – August 1, 2016