Uber raises $1.5 bn for Chinese branch: Source

Last Updated: Tuesday, September 8, 2015, 17:09

Uber, the app-based car service has raised $1.2 billion to keep expanding Uber China, a source close to the efforts said.

China's Baidu to buy back $1 billion shares after investor selldown

Last Updated: Thursday, July 30, 2015, 16:57

Baidu Inc, China`s biggest internet search engine company, said on Thursday it will buy back shares worth $1 billion after the company`s stock price slid following a weak earnings report earlier this week.

Baidu to invest $3.2 bn in online-to-offline services within three years

Last Updated: Tuesday, June 30, 2015, 13:09

China`s dominant Internet search engine Baidu Inc said on Tuesday it would invest 20 billion yuan ($3.22 billion) over the next three years on online-to-offline services, including group-buying service Nuomi.

Daimler teams up with China's Baidu in connected cars drive

Last Updated: Monday, May 25, 2015, 21:05

Daimler and Baidu announced their tie-up on Monday at consumer electronics show CES in Shanghai.

Baidu revenue falls short of estimates as customers go mobile

Last Updated: Thursday, February 12, 2015, 08:39

Mobile revenue represented 42 percent of total revenue, up from 36 percent in the third quarter, Baidu said.

China's Baidu invests in controversial taxi app Uber

Last Updated: Wednesday, December 17, 2014, 19:33

Chinese search engine Baidu, the country's equivalent of Google, announced Wednesday it has bought a stake in Uber for an undisclosed sum, as the controversial US web-based taxi app seeks to expand into an already crowded market.

Uber faces tough rivals, regulatory glare in China

Last Updated: Wednesday, December 17, 2014, 15:06

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.

China's Baidu confirms investment in online taxi service Uber

Last Updated: Wednesday, December 17, 2014, 11:47

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.

Chinese internet giant Baidu to invest $600mn in under fire Uber

Last Updated: Saturday, December 13, 2014, 13:44

According to Tech Crunch, a Baidu spokesperson confirmed that the company has arranged a press conference for next week when it will announce "an investment in and strategic cooperation deal with a prominent US-based startup."

Baidu facing $49.2 million payouts over copyright violation claims

Last Updated: Thursday, November 14, 2013, 14:58

China's search giant Baidu has been reportedly sued a whopping 49.2 million dollars in damage for copyright violations, after privacy-fighting group filed a lawsuit against the site for spreading pirated videos online.

Chinese Baidu's e-mall shut within 24 hours of launch

Last Updated: Friday, November 1, 2013, 19:36

The copyright experts said that Baidu's cloud computing-based e-mall allegedly gave users much more freedom, which was likely to result in the abuse of copyrights, the China Daily reports.

China’s Google offers ‘no-install app’ preview service

Last Updated: Saturday, August 24, 2013, 16:49

China’s Google, Baidu has reportedly launched an app preview service to its users allowing them to preview mobile apps without needing to install them first.