Showing posts with label Didi Chuxing. Show all posts
Showing posts with label Didi Chuxing. Show all posts

Monday, May 16, 2016

China Daily — CEO says Apple to help China's apps go global

U.S. tech giant Apple Inc will further speed up efforts to help Chinese-developed mobile applications go global, as local developers reportedly raked in earnings exceeding $7 billion from the company's App Store.
Tim Cook, CEO of Apple, said in Beijing on Monday that about half of the earnings came in the past 12 months alone, indicating strong momentum in the industry.
Cook made the remark during his latest trip to Beijing, as the company is trying to boost its contracting smartphone sales in China, its second-largest market after the United States.
In a meeting at an Apple store in Beijing, Cook said, "Chinese developers are already technologically strong, and Apple will offer more help in the marketing side to help them venture into overseas markets."
Apple has announced that it pumped $1 billion into Didi Chuxing, China's largest ride-hailing platform.
Apple said Cook was in Beijing for an app store developer activity. It declined to comment on whether the senior executive will meet with high-level officials to talk about regulatory issues.
Last month, the government shut down Apple's iTunes movie services and iBooks services on the mainland, and earlier this month, the company lost exclusive rights to its iPhone trademark in China.
Neil Shah, research director at market research company Counterpoint Technology Market Research, said Cook's visit to China, the recent investment in Didi and Cook's promise to help Chinese developers add to the fact that "China is and will remain to be the most important market for Apple".
Ecns.cn
CEO says Apple to help China's apps go global
China Daily

Also

Apple CEO hails China's app economy following Didi investment

Saturday, May 14, 2016

Xinhua — Apple announces $1-bln investment in China's hail-riding app

Apple announced on Friday it will invest 1 billion U.S. dollars in Chinese ride-hailing platform Didi Chuxing.
"We decided to make the investment for a number of strategic reasons, including the chance to learn more about certain segments of the China market. We see lots of opportunities for closer cooperation between the two companies, and we also believe it will deliver strong returns," Tim Cook, Apple's CEO, told Xinhua in a telephone interview.
Cook said the investment reflected Apple's excitement about Didi's fast-growing business and its continued confidence in China's economy in the long run.
Apple has invested heavily to expand its presence in China through Apple stores, environmental initiatives, and supply chains. The latest Didi investment suggests the U.S. company is placing greater focus on app developers in China, now its second largest market.

Ecns.cn
Apple announces $1-bln investment in China's hail-riding app
Xinhua