

Apple invests $1 billion in Chinese ride-hailing service Didi
In a bid to better understand China, Apple has announced a $1 billion investment in Chinese Uber-like service, Didi Chuxing. The country's homegrown ride-hailing service already has plenty of cash, and was recently valued at over $25 billion. According to Reuters, it has 87 percent of the market of private car hailing across China. Apple CEO Tim Cook said the investment would help the company better understand the Chinese market -- oh and it's about cars. "We are making the i


Uber is cutting prices to spur demand in a slow winter
Not surprisingly, demand for ridesharing services like Uber and Lyft tends to drop in January. You don't have all those holiday parties to visit, and you're usually back to the daily grind at class or work. Uber knows this all too well, and this year it's determined to do something about it -- the company is slashing fares in over 100 North American cities this month, 80 of which will see the cut on January 9th. How much the price drops depends on where you live. It'll be a r