Wednesday, August 3, 2016

DEALTALK-Massive funding, Apple backing helped Didi outrun Uber in China

SAN FRANCISCO/HONG KONG, Aug 3 (Reuters) - Apple Inc's

$1 billion investment in car-hailing app Didi Chuxing

in May helped accelerate Uber's decision to agree a halt to a

costly two-year battle with its rival in China, people close to

the companies and analysts said.

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