Apple Invests in Didi Chuxing
Today's email is dedicated to Apple buying a $1 billion stake in Didi Chuxing, China's largest ridesharing company. The email is divided into a number of sections:
- Didi Chuxing 101 - A Didi Chuxing Primer.
- Investment Rationale - The three primary reasons for Apple investing in Didi.
- The Ridesharing War - A closer look at why the ridesharing industry is turning into an "Uber vs. everyone else" war.
- Apple's Game Plan - My theory on Apple's plan for Didi and ridesharing.
- What's Next? - Details on what I'm expecting in terms of Apple making additional ridesharing investments.
- Conclusion
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