Apple is investing one billion dollars in a competition for a Chinese company Ober

May

14

2016

It announced that Apple has invested one billion dollars in the Chinese transport company Didi Chuxing , and is one deal of the largest investments of Apple foreign company, and could be the American company to give more space to work in the Chinese market , which is a foothold crucial for future successes.

He said Tim Cook, CEO of Apple, told Reuters that his company embarked on this investment for a number of strategic reasons, and that the deal constitutes a rich opportunity to learn more about a particular business sectors in the Chinese market.

She Didi Chuxing company formerly known as Didi Kuaidi in a statement that the deal is the largest investment that you receive, and underline the company accounted for 87 percent of passenger services market in China with more than 11 million rides daily operation and 300 million users in more than 400 Chinese city.

The company’s market Fimh aged only four years, about $ 25 billion, and the company has lost several billion previously during the battle with the upper company to impose its hegemony on the Chinese market.

Didi Chuxing Company biggest competitor for the company Ober is in China and dominate the Chinese market dramatically, and seeks Apple, which last year made about $ 53 billion of net profits to strengthen its position in the country, which is the largest market for smartphones in the world.

The reason is not known yet behind Apple’s investment in offering transport services company in China, but analysts say that this may be related to what Apple plans to enter in the future in automotive technology, according to recent leaks.

It should be noted for Apple during 2015 accounted for 13.4 percent of the total Chinese market, according to market research IDC.

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