Didi Global: Apple is giving up its seat on the board | TechBuzz

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In 2016, Apple acquired a stake in the Chinese ride-hailing company Didi Global. Now the group is giving up its seat on the supervisory board.

At least that’s what Bloomberg or Mark Gurman reports. The reason may be the draconian penalties that Didi Global had to accept in Asia. The Beijing cyberspace regulator has imposed significant fines and restrictions on the service.

Didi Global – Six years of strategic partnership

In 2016, Apple invested $1 billion in the service and sent Adrian Perica to the board. He is Apple’s vice president of corporate development. Earlier this month he resigned from the board, as the provider’s website also reveals.

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Didi Chuxing offers a wide range of services – from taxi services to car sharing and bicycle rental. The problems started last year, which led to the app being published in China. After this step, the market value of the provider collapsed by 80 percent.

Via Bloomberg and company website



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