At the beginning of this year we informed you of Apple's expansion plans in China, in part to try to satisfy the country's authorities who do not seem to see the company's progress in the country with good eyes, or at least it is what It seems after the suspension of film and book service in the country by the country's censorship ministry. Apple invested 1.000 billion dollars in Didi Chuxing, the Chinese Uber and Uber's main competitor in the country. At first it was assured from Didi Chuxing that Apple would not have a seat on the board after the millionaire investment, but it seems that this information was not entirely true.
Logically Apple would not invest such an amount of millions in a company in which it cannot access decision-making, although according to the Cupertino-based company it is an investment to diversify its investments, never better. Under Chinese regulatory standards, Apple has every right to a seat on the board director of Didi Chuxing, a seat he has been enjoying since the end of June.
Didi has continued to grow in recent months and has taken over Uber's business in ChinaTherefore, it currently has a market share close to 90%, but this movement has not pleased the Chinese authorities, which have opened an investigation to give the go-ahead to this purchase as it affects free market competition. Having a dominant position in the market Didi can offer the prices it wants knowing that there is hardly any competition that can overshadow it.