China’s Baidu Confirms Investment In Online Taxi Service Uber

December 17, 2014

 
(Reuters) – Chinese Internet giant Baidu Inc confirmed on Wednesday it is buying a stake in fast-growing international car-hailing service Uber as the pair chase growth in one of the world’s largest transportation markets. The companies didn’t disclose how big a stake Baidu is taking, nor how much it is paying for the investment, announced jointly…