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 ISTChina'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