Last week, Apple announced that it was investing a whopping $1 billion in the Chinese company Didi Chuxing, a ride-hailing app that is a competitor to Uber. The move was a surprise to many analysts. It reportedly came after only a few weeks of discussion and is in a sector in which Apple has little relevant experience. For these reasons, some suggest Apple’s interest in this investment may have been at least partially political, rather than commercial. As The New York Times noted, “The fast turnaround and [Apple’s] willingness to publicize the deal hint at a second motivation for the investment: Showing the Chinese government it is willing to support local companies.”
http://www.brookings.edu/blogs/up-front/posts/2016/05/16-apple-didi-political-risk-gertz
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