Apple Invests $1 Billion in Chinese Competitor to Uber

Reuters: Apple has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that CEO Tim Cook said would help the company better understand the critical Chinese market. The investment comes as Apple is trying to reinvigorate sales in China, its second-largest market. Apple recently has come under pressure from Chinese regulators, with its online book and film services shut down last month.