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Apple, Cars And Didi: A First Strategic Chess Move In China

|Includes: Apple Inc. (AAPL)

Short on time. I will just copy-paste my four tweets on the news for the time being:

  • About Didi: The company completes more than 11 million rides/ day, more than 87% of the market for private car-hailing in China. $AAPL
  • My long-term thesis on $AAPL and transportation since 2013: What if Apple one day made a "car" (cocoon) that you can neither buy nor drive?

(i.e fully autonomous rides coupled with "Transport As A Service" for people living in large urbanized areas where it's very expensive to own/park a car. This is a long-term scenario for the next decades.)

More to follow later in a later Instablog or article.

PS: Given the general importance China has for Apple and in view of some recent spats with Chinese authorities... certainly didn't hurt to make the car investment in a Chinese firm instead of a Western ride-sharing company.

It also shows that Apple doesn't want to repatriate its money stash due to tax reasons:

Disclosure: I am/we are long AAPL.

Additional disclosure: Small position in AAPL. Will likely add to position around or below $90 in coming weeks / months.