Apple Invests 1 Billion, In China - eNewsReference.com

Apple Invests 1 Billion, In China



NY Times - By : PAUL MOZUR and MIKE ISAAC

A $1 billion investment by Apple in a Chinese ride-hailing app is a rounding error for the Silicon Valley giant, which generates about $4 billion in profit every month and has $233 billion in cash and securities in the bank.

But Apple’s surprising interest in the company, called Didi Chuxing, and its out-of-character willingness to publicize the news Thursday evening could go a long way toward showing the Chinese government it is interested in supporting local business. - Referenced Article

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