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05-16-2016, 08:00 PM
Apple's latest billion-dollar business: Venture capital?
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Apple has a trendy new business that could impact the lives of millions and help it make big money in the future.
**, **t the Apple Watch. We're talking about Apple getting into venture capital.
On Thursday night, Apple shocked many by an**uncing a $1 billion investment in Didi Chuxing (http://mashable.com/2016/05/12/apple-invests-1b-in-didi/), the top ride-hailing service in China.
The investment re-ignited rumors about Apple's intentions to build a car and apparently even caused some relationship issues (https://twitter.com/travisk/status/731018873168764929) for the CEO of Uber and his girlfriend. Others framed it as a play to improve Apple's status in China, a key growth market.
But there's a more immediate and less discussed impact. Apple, a business with more than $200 billion in cash and marketable securities, is suddenly acting like a venture capital firm for the first time in years.* Read more... (http://mashable.com/2016/05/16/apple-venture-capital/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Apple has a trendy new business that could impact the lives of millions and help it make big money in the future.
**, **t the Apple Watch. We're talking about Apple getting into venture capital.
On Thursday night, Apple shocked many by an**uncing a $1 billion investment in Didi Chuxing (http://mashable.com/2016/05/12/apple-invests-1b-in-didi/), the top ride-hailing service in China.
The investment re-ignited rumors about Apple's intentions to build a car and apparently even caused some relationship issues (https://twitter.com/travisk/status/731018873168764929) for the CEO of Uber and his girlfriend. Others framed it as a play to improve Apple's status in China, a key growth market.
But there's a more immediate and less discussed impact. Apple, a business with more than $200 billion in cash and marketable securities, is suddenly acting like a venture capital firm for the first time in years.* Read more... (http://mashable.com/2016/05/16/apple-venture-capital/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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