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Tag: chinese
Apple invests USD 1 bln in Chinese car service Didi
2016-05-13 08:48:00| Telecompaper Headlines
(Telecompaper) Apple has invested USD 1 billion the Chinese ride-sharing service Didi Chuxing. The investment comes as Apple faces slowing sales of the iPhone and attempts to put a greater focus on services to grow revenue. China is also its second-largest market. Didi operates a service similar to Uber and also counts as its investors Alibaba Group and Tencent. THe Apple investment is part of a larger round of USD 2 billion in financing, which was expected to value to company at USD 25 billion, Bloombegr reported. CEO Tim Cook told Reuters that he sees opportunities for Apple and Didi Chuxing to collaborate in the future. "We are making the investment for a number of strategic reasons, including a chance to learn more about certain segments of the China market," he said. "Of course, we believe it will deliver a strong return for our invested capital over time as well."
Apple invests in Chinese Uber rival
2016-05-13 07:46:38| BBC News | Business | UK Edition
Apple invests $1bn (693m) in Didi Chuxing, the car-hailing app that has a bigger market share than Uber in China.
Tags: chinese
apple
rival
uber
Weekly Overview: Chinese Pork Price Spike Can Be Controlled
2016-05-10 02:00:00| ThePigSite - Industry News
ANALYSIS - Although pork prices are expected to remain high in China for the rest of the year, an official from the Ministry of Commerce has said that the rise in price is controllable.
Tags: price
overview
chinese
weekly
Collision of Maltese cargo bulker with Chinese fishing vessel leaves two dead and 17 missing
2016-05-09 01:00:00| Ship Technology
A total of 17 people are declared missing and two people dead after a Chinese fishing boat collided with a Maltese cargo ship and sank in the East China Sea.
Tags: chinese
dead
missing
leaves
Chinese sportswear giant 361° in PLM investment
2016-05-04 12:25:00| Daily apparel & textile news and comment - from just-style.com
Chinese sports brand 361° has invested in a new product lifecycle management (PLM) solution to streamline design, production and retail as it expands internationally and moves from wholesaler to retailer.
Tags: chinese
investment
giant
sportswear
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