Apple Inc. has invested $1 billion in Chinese taxi-hailing app company Didi Chuxing Technology Co. (formerly Didi Kuaidi), as the battle for the future of driving intensifies and alliances among automakers, tech firms and ride-sharing companies increase.
In the news: Apple invests $1B in Didi, China plans to close MNC tax loopholes, environmental inspection teams target local polluters and the housing authority prepares new rules for property agencies
This week Apple made its largest China investment yet, tax regulators were said to tighten reporting standards, the Ministry of Environmental Protection was authorized to dispatch inspection teams and stricter measures for the real estate industry were discussed
By
Katherine Jo
& clp articles


