Apple exec leaves DiDi Global board of directors following $1B investment
P_Wei


Apple (NASDAQ:AAPL) invested $1B into DiDi Global (OTCPK:DIDIY) in 2016, but one of the tech giant's executives has left the board of the Chinese ride-sharing company following continued crackdowns from the Chinese government.
Adrian Perica, Apple's (AAPL) vice president of corporate development, resigned from the board earlier this month, the company said on its website earlier this month.

In July, the Chinese government fined DiDi (OTCPK:DIDIY) $1.2B after a regulatory agency determined it violated three laws concerning cybersecurity, data security and personal information protection.
The news was first reported by Bloomberg.
Perica joined DiDi's (OTCPK:DIDIY) board after it made a $1B investment into the company to gain a further foothold in China. At the time, Apple (AAPL) Chief Executive Tim Cook said the move was done for a number of reasons, including learning more about certain parts of the Chinese market, as well as financial reasons.
Apple (AAPL) shares were up more than 0.5% to $159.98 in premarket trading.
Cupertino, California-based Apple (AAPL) is set to lose its Chief Privacy Officer, as Jane Horvath is slated to join the Gibson, Dunn & Crutcher LLP law firm.