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Will Apple’s $1bn be ‘burned’?

How is Didi Chuxing likely to spend the $1bn investment from Apple?

Didi says it will be invested in products and new technology. But some experts say it will be needed to fuel its battle with US-based Uber for market share in China.

China’s car-hailing wars have seen both sides spend billions of dollars funding discounts for customers and subsidies to drivers.

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