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Business

Apple invests in China's leading ride-hailing app

Didi Chuxing has become a fixture in urban China.

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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