SILICON VALLEY/BEIJING -- Apple has invested $1 billion in Didi Chuxing, China's largest ride-hailing service, and may be eyeing future collaborations on electric vehicles and self-driving technology.
Didi works with over 14 million taxis in 400 cities across China. It has 300 million registered users and provides millions of rides each day. It controls 87% of the Chinese market, and counts such Chinese technology giants as Tencent Holdings and Alibaba Group Holding among its investors.
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