Here’s why Apple just invested $1 billion in Uber’s biggest rival

$%name Here’s why Apple just invested $1 billion in Uber’s biggest rival by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

With some investors and analysts clamoring for Apple to make a bold acquisition, Tim Cook & Co. recently decided to go in a different direction. According to a report from Reuters, Apple this week confirmed that it made a $1 billion investment in Didi Chuxing, a Chinese ride sharing company often referred to as the Uber of China.

Of course, with persistent rumors indicating that Apple has plans to jump into the auto industry, the company’s investment in a ride sharing company is particularly intriguing.

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