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Apple Invests $1 billion in Chinese Ride-hailing Company

Apple Inc. has invested $1 billion in Chinese ride-hailing service Didi Chuxing, the main competitor in China for Uber Technologies Ltd. Apple will become a strategic investor alongside Chinese e-commerce giant Alibaba Group and Tencent Holdings Ltd., an online games and entertainment service, Didi Chuxing announced Friday. China's ride-hailing industry has grown rapidly, with competitors spending heavily to subsidize rides to capture market share. The latest deal...

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