News for hackers. Stuff that matters.
Re:Apple invests $1B in Chinese ride-hailing service Didi Ch... by davidiach on Friday May 13, 2016 @07:13AM (#11689711)
"The company said it completes more than 11 million rides a day, with more than 87 percent of the market for private car-hailing in China."

If they make $1.00 for each ride, that's already more than $4 billion in revenue per year.

Re:Apple invests $1B in Chinese ride-hailing service Didi Ch... by ndirish1842 on Friday May 13, 2016 @12:23PM (#11691281)
China is still a developing market for ride hailing/sharing. The margins aren't that good. In fact, with the amount Uber/Didi are spending on driver/rider acquisition, they're both probably bleeding cash like crazy.