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Didi plans to use its billion dollars from Apple as a runway to an IPO | Recode Daily: May 16, 2016

The Chinese Uber rival may go public in the U.S. in 2018.

Didi Chuxing President Jean Liu
Didi Chuxing President Jean Liu
Fred Dufour / AFP via Getty

.Last week, Chinese ride-hailing giant Didi Chuxing swallowed a $1 billion investment from Apple. Next up: An IPO. Bloomberg reported that Didi, which is Uber's biggest global competitor, is aiming to go public in the U.S. in 2017; Didi is telling other news outlets that it won't happen until 2018.

.When and how will self-driving cars get here? There are two schools of thought: Some companies, like Google, are working on a rapid, "revolutionary" model of changes. Others, like Tesla, look to "evolve" cars and gradually add self-driving features. Eventually, experts anticipate the two models will converge around 2030. Our interactive timeline shows you each step.
[Johana Bhuiyan | Recode]

.Confirming an earlier Recode report, Amazon is going to begin rolling out private-label household products and groceries. It's a big deal for Amazon and its retail competitors.
[Jason Del Rey | Recode]

.On the latest Recode Decode podcast with Kara Swisher, Congresswoman and former Speaker of the House Nancy Pelosi says that she doesn't merely hope that Donald Trump won't end up in the White House; she "guarantees" it won't happen. In the interview, which we've also made available in video, Pelosi goes on to talk about Apple and the FBI, and Congress and the tech industry.
[Eric Johnson | Recode]

.Warren Buffett has famously avoided investing in tech, but that is changing this year. First Buffett offered to back a consortium bidding for Yahoo; now his Berkshire Hathaway has disclosed it owns 9.8 million shares — about a billion dollars' worth — of Apple.
[Noah Buhayar | Bloomberg]

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