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Lots of interesting facets to this deal. The whole thing happened in 22 days, an incredibly short span for such a large investment.

First, there was the meeting:

Didi President Jean Liu said on Friday that talks began less than a month ago when she stopped by to see Tim Cook at Apple headquarters in Cupertino, California. Any company named after a fruit “could achieve something big,” she jested during the April 20 meeting. Didi’s legal name, Xiaoju Kuaizhi Inc., means “little orange,” she explained.

Didi gets the capital it needs to compete with Uber:

Didi, battling with Uber Technologies Inc. for supremacy in China, will get additional capital to expand into new cities, recruit drivers and market to potential customers. The Apple investment will bring the amount Didi is raising in its current round of funding to $3 billion, people familiar with the matter said, declining to be named because the matter is private.

And Apple?

Apple gets a potentially lucrative investment and wins powerful allies in one of its most important markets. Didi is backed by China’s two largest Internet companies, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. They could help Apple market Apple Pay and other services, as well as giving it experience in transportation as it weighs an entry into automobiles.

This may turn out to be a lucrative investment for Apple. But it certainly gives them some very powerful, and much needed, native Chinese partners.