Similar Stories to Baidu, Maker Of China’s Largest Search Engine, Confirms Its Strategic Investment In Uber on Bing News

It’s official: Chinese Internet giant Baidu has confirmed that it is Uber’s latest investor, as TechCrunch reported last week. The companies did not disclose the amount of the investment, though Bloomberg earlier said that it is $600 million. We’ve contacted Baidu for more information. The Baidu investment comes just a few weeks after Uber announced that it had raised $1.2… Read More

Topics:  chinese internet   uber s   techcrunch   bloomberg    read more   baidu   investment   
BING NEWS:
  • Google joins tech firms’ expansion in SEAsia with $2B investment in Malaysia
    The implementation of a “China Plus One” strategy has caused a surge of interest in Malaysia and Southeast Asia recently.
    05/30/2024 - 9:36 am | View Link
  • China sets up third fund with $47.5 bln to boost semiconductor sector
    China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a ...
    05/26/2024 - 7:12 pm | View Link
  • Baidu 'confident' AI will sustain growth after sluggish first quarter
    The company, China's largest search engine provider, still generates the majority of its revenue from online ad sales, which are under pressure due to slower Chinese economic growth. It reported ...
    05/16/2024 - 3:28 am | View Link
  • Baidu ‘confident’ AI will sustain growth after sluggish first quarter
    The company, China’s largest search engine provider, still generates the majority of its revenue from online ad sales, which are under pressure due to slower Chinese economic growth. It reported on ...
    05/15/2024 - 10:32 pm | View Link
  • 'Keep your phone on 24 hours a day': Chinese PR boss apologises after backlash
    China's big technology firms are notorious for their work-till-you-drop culture The head of public relations at China's biggest search engine Baidu has apologised after her comments glorifying a ...
    05/8/2024 - 8:11 pm | View Link
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