China Life Insurance Co. is plowing more than $500 million into Didi Chuxing Technology Co., after Apple Inc. made a $1 billion investment in the firm, China’s biggest ride-sharing company, according to one... China’s top life insurer is making a big investment in the country’s $25 billion homegrown competitor to Uber Technologies Inc., despite already investing in Uber’s China operation, according to people familiar with the situation.

Source: Wall Street Journal June 12, 2016 22:18 UTC