Categories
Uncategorized

Apple Wins in the Uber and Didi Chuxing Merger (AAPL) | Investopedia

But the deal can have long-term implications for another tech giant: Apple Inc. (AAPL), which poured in $1 billion into Didi Chuxing in May. What was seen then as a subtle political gesture, aimed at strengthening Apple’s relationship with the Chinese government, has immediately become a shrewd investment. Beyond the fact that Didi Chuxing shares […]

But the deal can have long-term implications for another tech giant: Apple Inc. (AAPL), which poured in $1 billion into Didi Chuxing in May. What was seen then as a subtle political gesture, aimed at strengthening Apple’s relationship with the Chinese government, has immediately become a shrewd investment. Beyond the fact that Didi Chuxing shares would have likely skyrocketed on the announced merger with Uber, Apple — by virtue of its stake in Didi — is now a shareholder in Uber.

Source: Apple Wins in the Uber and Didi Chuxing Merger (AAPL) | Investopedia

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.