Apple, Chinese rideshare deal heats up race for tech-smart cars

By Alexandria Sage and Julia Love SAN FRANCISCO (Reuters) РApple Inc's $1 billion investment in Chinese ride sharing company Didi Chuxing intensifies a race to acquire technology, talent and market access in a rapidly evolving global personal transportation market. Apple's investment comes as auto and technology industry executives and investors are placing bets that self-driving car systems, electric vehicles and ride sharing will eventually converge to allow companies to sell rides in self-driving vehicles, generating revenue day and night.

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Apple, Chinese rideshare deal heats up race for tech-smart cars

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