Chinese Internet giant Baidu Inc. will make a strategic investment in ride-sharing app Uber Technologies Inc., China National Radio reported Friday.

Baidu spokesman Kaiser Kuo said he couldn't confirm nor deny any rumors, but he said that Baidu will announce an investment in an American startup company that is "a household name in the U.S." next Wednesday. Mr. Kuo declined to elaborate.

Uber wasn't immediately available for comment.

Write to Gillian Wong at gillian.wong@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Baidu (NASDAQ:BIDU)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Baidu Charts.
Baidu (NASDAQ:BIDU)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Baidu Charts.