{"id":46014,"date":"2021-04-20T19:11:58","date_gmt":"2021-04-20T18:11:58","guid":{"rendered":"https:\/\/mktplace.org\/?p=46014"},"modified":"2021-04-20T19:13:20","modified_gmt":"2021-04-20T18:13:20","slug":"apple-invests-1-billion-china-based-ridesharing-company","status":"publish","type":"post","link":"https:\/\/mktplace.org\/apple-invests-1-billion-china-based-ridesharing-company\/","title":{"rendered":"Apple Invests USD1 Billion in China-Based Ridesharing Company"},"content":{"rendered":"

Apple Invests USD 1 Billion in China-Based Ridesharing Company.<\/strong><\/p>\n

In a day where the legendary Warren Buffet invested in Apple there are two things we know now about Apple: First, the company is serious about cars. Second, it\u2019s ready to start looking beyond the iPhone.<\/p>\n

Apple and cars<\/strong><\/p>\n

While it has remained mum on just about every rumor about its ambitions to build a proprietary car, Apple made an unprecedented decision<\/a> to invest $1 billion in the \u201cUber of China,\u201d Didi Chuxing.<\/p>\n

So why would Apple put a billion dollars into a non-tech, non-consumer electronics company? Autonomous vehicles.<\/p>\n

China has moved surprisingly rapidly to get autonomous cars on the streets. The country\u2019s government recently released a draft proposal<\/span> that would allow driverless cars on the country\u2019s highways in 2020 and on city streets by 2025. Since Apple wants to create its own driverless cars, where better to invest than the largest car market on earth, which also happens to be the most progressive market in terms of getting driverless cars on the streets?<\/p>\n

\"Tim<\/strong><\/p>\n

Apple\u2019s product slowdown<\/strong><\/p>\n

We\u2019ve said it before. Apple invests and has finally reached a plateau in terms of innovation. Despite releasing several new products and services over the last few years \u2014 i.e. Apple Music, Beats Music, Apple Watch, Apple TV etc. \u2014 there hasn\u2019t been anything compelling enough to turn into one of the company\u2019s next big things. The trifecta of the iPhone, the iPad and the Mac is no longer what it once was. And the iPhone made up 65% of the company\u2019s revenue<\/a> during the latest quarter.<\/p>\n

Considering Apple has never really invested in startups<\/a> \u2014 if it sees something it likes, it just buys it to add it to its own fold \u2014 it sounds like Tim Cook is finally ready to admit that the Apple as we knew it is gone. Now it\u2019s time for Apple to start using its cash to invest and hopefully insulate the company enough in case of an iPhone slowdown too.<\/p>\n

Wooing China<\/strong><\/p>\n

Another potential reason for the investment is for Apple to get back on China\u2019s good side. After all, why not just invest in Uber, which recently entered the Chinese market?<\/p>\n

Apple has had some challenges in China recently. With smartphone sales for the company shrinking in the country, it lost an iPhone trademark dispute<\/a> and has had some of its online entertainment services suspended<\/a> following pressure from the Chinese government.<\/p>\n

Of course, Apple\u2019s not the only U.S.-based company struggling to cozy up to Chinese government officials. Dropbox, Google, Twitter and Facebook have all been banned from the country, likely due to the fact that they compete with Chinese tech companies.<\/p>\n

Thus, one of Cook\u2019s strategies could show that Apple is willing to get its own skin in the game in favor of China-based companies to show its dedication to the country\u2019s own economic success. Whether that move makes a difference or not, of course, remains to be seen. As we\u2019ve all seen before, the Chinese government is quite arbitrary in its decisions when it comes to U.S.-based tech companies.<\/p>\n

One thing is for certain, however: Apple has entered a new frontier.<\/p>\n

\"APPLE
APPLE Stock last year May 2015 to May 2016, source Yahoo Finance<\/figcaption><\/figure>\n
\n
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Apple Invests USD 1 Billion in China-Based Ridesharing Company. In a day where the legendary Warren Buffet invested in Apple there are two things we know now about Apple: First, the company is serious about cars. Second, it\u2019s ready to start looking beyond the iPhone. Apple and cars While it has remained mum on just […]<\/p>\n","protected":false},"author":5005,"featured_media":46017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"codedeyo_gutenberg_meta":"","footnotes":""},"categories":[16687],"tags":[832,16688,466,171,16689,345,16690,1141,284,29,16691,16692,180],"class_list":["post-46014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple","tag-china","tag-equity","tag-investment","tag-iphone","tag-market","tag-mobile-phone","tag-stocks","tag-strategy","tag-technology","tag-tim-cook","tag-uber","tag-warren-buffet"],"acf":[],"yoast_head":"\nApple Invests USD1 Billion in China-Based Ridesharing Company - MKTPlace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mktplace.org\/apple-invests-1-billion-china-based-ridesharing-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Invests USD1 Billion in China-Based Ridesharing Company - MKTPlace\" \/>\n<meta property=\"og:description\" content=\"Apple Invests USD 1 Billion in China-Based Ridesharing Company. 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