Lyft Inc

This tiny country knows the future of driverless tech: Alex Webb

(June 1): Pilot plans to test driverless cars on city streets have so far been little more than vanity research projects. But one tiny country has put the whole autonomous vehicle industry on a track to make money in real life.

Uber China rival Didi said to consider US IPO in 2017

Didi, Xiaoju Kuaizhi Inc

HONG KONG (May 16): Apple Inc may not need to wait that long before it reaps the benefits of investing US$1 billion in Chinese car-hailing service Didi Chuxing.

Didi is targeting an initial public offering in New York next year, according to people familiar with the matter. The timing will depend on how its battle with Uber Technologies Inc in China plays out, said the people, who requested not to be named because the matter is private. Such a move may put the Chinese app ahead of its US rival in going public, with Uber having said it wants to hold off as long as possible.

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Apple invests US$1 bil in Uber’s China competitor Didi

Didi, Xiaoju Kuaizhi Inc

HONG Kong (May 13): Apple Inc invested US$1 billion ($1.38 billion) in Didi, the single largest investment the Chinese ride-hailing service has ever received as it battles Uber Technologies Inc.

Apple will help Didi build its data-driven ride-sharing platform, as the company now completes more than 11 million rides a day and serves about 300 million users, Didi said in a statement on Friday. It joins other investors including Alibaba Group Holding Ltd and Tencent Holdings Ltd.

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