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May 13 Premarket Briefing: 10 Things You Should Know

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4. -- Apple invested $1 billion in Chinese Uber rival DiDi Chuxing, the taxi-hailing app's biggest ever single funding infusion.

The financing comes as Apple's major growth motor, the iPhone, shows signs of slowing. The company last month posted its first quarterly sales decline in 13 years and gave softer guidance for the current quarter than analysts had expected. Apple shares closed Thursday down 2.4% to $90.34, the stock's lowest price in almost two years.

The investment is part of a wider round involving "a group of prestigious Chinese and international institutions," DiDi Chuxing said in a short statement that didn't detail what kind of...


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