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Apple Pours $1 Billion Into Chinese Ride-Hailing Firm

In a significant move, Apple Inc. has invested $1 billion in Chinese ride-hailing platform Didi Chuxing. The move comes after Apple's recent tiff with U.S. authorities over the sharing of its source code, and the company's preparations for chief executive Tim Cook's visit to China later this month. Analysts said the move is meant to intensify Apple's engagement with its second-biggest market, and also enlarge the iPhone maker's recent efforts to diversify outside...

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