Baidu To Invest In U.S. Ride-Sharing App Uber - China State Media
December 12 2014 - 2:40AM
Dow Jones News
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
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