What Apple’s Investment in Didi Means

Jessica and Amir here, with breaking reporting about Apple’s surprising $1 billion investment in China’s Didi Chuxing.

Thursday night, Apple—which has only invested big sums in a tiny handful of companies in its entire history—announced the investment in China’s dominant ride-sharing company and the thorn in Uber’s quest for global dominance.

This is the kind of deal that sends big ripple effects through Silicon Valley and the tech sector.

First, we’ve learned that Uber CEO Travis Kalanick was planning a meeting at Apple’s headquarters this week to talk about future partnership opportunities, according to someone told about the plans.