Apple's bet on Uber's Chinese rival makes plenty of sense

To call Didi Chuxing an Uber competitor would be selling it short. While it offers broadly the same service, Didi is far more successful than the American startup is in China. It currently has an 87 percent share of the market, while Uber has struggled to make a big impact. Didi has also made some small investments in Lyft, a US-based Uber rival. As Didi is valued at over 25 billion, this new investment isn't necessarily a game-changer for either company, but its secondary effects might be far stronger. Apple's focus on China is clear.