Ride-sharing company backed by Apple just bought Uber China


Apple's "strategic" investment is paying off.
Photo: Virginia Werner/Cult of Mac

Apple’s decision to invest $1 billion in “Chinese Uber” Didi Chuxing earlier this year is proving a smart move after the company bought out the real Uber in China — bringing an end to what was proving to be a costly and bitter battle over the Chinese lift-sharing market.