at least not for now. >> eunice, a quickle follow-up for you, and based on the conversation with jean lius the biggest potential strategic upside for aple in the relationsh relationship? better maps of china based on the data that it is getting from them, or cultural insight that is going to hep them to build better products hardware or software? >> i asked her that exact same question, and she said that is a question for apple. she did talk a lot about what didi his to offer. and what didi has to offer, and moving forward is a potential of the market, but she was also hopeful for a lot of collaboration, and i brought up apple k and talking about car technology, and she said nothing specific on the table at this time. and one of the things that is interesting about her business model as compared to uber or others is that they do look at sca scale. so when she was talking about the moving beyond taxis, she was describing having buses going from point to point so that you would invest in the technology so that you could meet the supply and the demand and match it so that 40 people who need

now, even though jean liu says these numbers are impressive, by their estimates they think they onlyenetration in what they believe is a country that has 1.1 billion commutes a day. now, there's also been plenty of rumors this week about a possible ipo, maybe even in new york, and she said that as for now there are no plans but that she is very confident in her position in this market against all of her rivals including uber. one thing though, carl, i think you're going to be hearing the name didi a lot more, so i thought i'd explain it a bit more. didi is chinese for beep-beep, and chuxing means mobility. they want to say they're moving beyond taxis to all sorts of transportation. >> that's a good explainer, eunice, thanks so much. >> great report. >> of course a day after jack at the white house unannounced, tim cook today moves onto india where he tweets great to hear from some of india's top ios developers, innovative apps and ideas for the future. >> this is green field, they are just now getting to the kind of infrastructure system that will allow them to be able to use the fan

now, if you're wondering who's behind didi chuxing, we have l alibaba, and jean liu, la nova's founder, and they haven't had a problem when it comes to raising money because ten cents alibaba, two of the largest tech giants in china were some of the early backers. now this company is valued at over $20 billion, coming from $6 billion just in february last year. so, they've come a long way. they have a lot of cash on the balance sheets. about $3 billion at the end of 2015. makes it one of the most -- top five most valuable tech startups in the world. not just in china. when we talk about profitability and financials, didi, of course, they haven't been so forthcoming in terms of how much they're making but they say they are closer than ever to profitability and, in fact, they are making money in over half of the cities they currently operate in. and they spent some of that money recently. just about $100 million to get into this global alliance with lyft, ola, rap taxle of course to rival uber. >> we wonder how these sides are shaping up, how are they taking shape globally? let's bring j

morning, andrew, i'm outside of the head quarters of didi chuxing, where i spoke with the president jean liushe was talking about the past cub days have been very busy playing host in part to tim cook. she said that the two do see the opportunity for a possible future collaboration. this is what she said. >> i was joking with my team, it feels like a speed date. we've got to know the apple team. they got to know us not too long ago, but we clicked very quickly. because the two companies have similar philosophy. we both care about community. we both want to have a collaborative and inclusive culture as a company culture so that gives a lot of common ground. in the same time, in china, we actually share a huge overlap in customer base. our driver base, our passengers, they use apple and iphone a lot. ipads. so i think it's very intuitive. >> reporter: and as we many chinese companies, didi has scale. 300 million users. they say 14 million independent drivers and 11 million trips a day. and jean told me it's very important for the company to invest heavily in technology. they say data analysis,