– CHINA,Beijing – Didi Chuxing, the Chinese ride-hailing giant best understood as the “Uber of China” appointed Apple M&A chief Adrian Perico to to its Board of Directors as the representant of Apple to the Didi’s board – The Information reports – citing the filing and sources familiar with the matter.
Earlier this year, Apple officials said the investment would help Apple better understand the Chinese market, and would deliver a strong return on capital. Since then in July, Uber China agreed to be bought out by Didi for $1 billion in a deal that gives parent company Uber Technologies a one-fifth stake in its Chinese competitor. Under the agreement, Uber CEO Travis Kalanick becomes a board observer.
According to The Information, Adrian Perica joined Didi’s board at around the same time as Stephen Zhu, Didi’s head of strategy. The pair fill slots left vacant by Didi co-founder Wang Gang and Lu Chuanwei, former CEO of ride-sharing service Kuaidi Dache, which merged with Didi in 2015. He joins representatives from other investors on Didi’s board, including representatives from Tencent and Alibaba.
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