wordpress blog stats
Connect with us

Hi, what are you looking for?

Apple puts $1B in Didi for autonomous cars & integrating Apple products


iDevices maker Apple has pumped in $1 billion in Didi Chuxing (formerly known as Didi Kuaidi) to understand the Chinese market, make future collaborations and to get a strong return on its investment, reported Reuters, quoting Apple CEO Tim Cook. Apple’s stake in the company is yet unknown.

The Reuters report added that this was Didi’s single largest funding ever, in addition to the $7 billion it has raised previously. Didi claims to do 11 million rides every day and has an 87% market share in private car-hailing in China (source unknown). The company provides vehicles and taxis for hire through mobile apps. It claims to have 300 million users in 400 cities in China. Didi already has investors in Alibaba Group and Tencent Holdings.

If podcaster Amir Efreti’s tweets are anything to go by, the company will merge some Apple products into Didi, while also partner with other companies for self driving cars. Apple Pay was introduced in China in February.

Apple’s attempt to understand China shows how radically different it must be to operate in China, as compared to its home ground, the US.

Some of its recent troubles:

Cook’s statement about “understanding China better” comes at a time when the company’s revenue in China, its biggest market outside the US, is sliding, while Apple is also closing all its iBooks Store and iTunes Movies services in the country. The new iPhone, however, seems to have worked well in China.

In panic or otherwise, Carl Icahn also sold his 45.8 million shares in the company for the fear of the company possibly shutting down by orders from China’s ruling Communist Party. (This has not happened yet.)

Some reports say that Cook is planning to get on a plane to China. Meanwhile, it also looks like Apple cannot decide on whether to make a self-driving or an electric car, as indicated by this New York Times report from September last year. Also, this car “product” codenamed Project Titan is slated for a 2020 release. Despite this, Cook, has offered a more public friendly statement such as, “We remain really optimistic on China.”

Advertisement. Scroll to continue reading.

Global taxi alliance across Southeast Asia:
In December last year, America’s Lyft, Ola from India, Didi Kuadi from China, and GrabTaxi from Singapore joined hands in a strategic alliance to roll out products in the first quarter of 2016. Last month American Lyft users could get a cab in China through Didi and GrabTaxi in Southeast Asia. This alliance is a follow up of reports from January 2015 when Ola was planning to tie with GrabTaxi to form a global taxi alliance to take on Uber. In September 2015, Didi Kuadi invested in Ola’s $225 million round of funding. Didi has also invested $100 million into Lyft, and it participated in a $350 million round of funding for GrabTaxi.

Uber’s global payments: Uber, on the other hand, has tied up with Paytm to let Indians travelling abroad pay with Paytm for their Uber rides, following an announcement of a global partnership with Alipay to enable Chinese travelers to request and pay for rides from either the Uber or the Alipay app. Uber operates in 45 cities in China, and has plans to expand to 100 cities by end of 2016.

Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ