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Chinese Search Engine to Invest in Uber

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Baidu to buy minority stake.

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Kai Pfaffenbach/Reuters

Despite facing accusations of rape against one of its drivers in India, Uber is reportedly getting a bump in investment from Chinese search engine Baidu as it expands to China. The Wall Street Journal reports the Internet firm will buy a minority stake in the ride-hailing app as it expands to China. Uber is expected to receive cash and non-cash assets, which would include Baidu’s online resources as China’s biggest Internet search engine. A Baidu spokesman said the company will make an announcement about an investment with a U.S. startup on Dec. 17, but declined to name the company.

Read it at The Wall Street Journal

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