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Apple Pumps $1B Into Chinese Uber Rival DiDi Chuxing

Apple (AAPL - Get Report) has joined the shareholder roster at Chinese Uber rival DiDi Chuxing through a $1 billion investment that is 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 missed second-quarter earnings estimates as it posted its first decline in sales in 13 years and gave softer guidance for the current quarter than analysts had...


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