Baidu to invest $3.2 bn in online-to-offline services within three years
China`s dominant Internet search engine Baidu Inc said on Tuesday it would invest 20 billion yuan ($3.22 billion) over the next three years on online-to-offline services, including group-buying service Nuomi.
Jun 30, 2015, 13:09 PM IST
Uber faces tough rivals, regulatory glare in China
Deep-pocketed Chinese rivals and tough regulators stand in the way of U.S. car-hailing service Uber`s plans to conquer one of the world`s biggest transportation markets, even after it signed a tieup with domestic internet giant Baidu Inc.
Dec 17, 2014, 15:06 PM IST
China's Baidu confirms investment in online taxi service Uber
The companies didn`t disclose how big a stake Baidu is taking, nor how much it is paying for the investment, announced jointly in Beijing.
Dec 17, 2014, 11:47 AM IST
