Uber hitches a ride into nation with Baidu's cash
By Meng Jing | China Daily | Updated: 2014-12-18 08:02
US-based company charts plans to wrest market share from Chinese competitors, reports Meng Jing.
The record shows that most of the overseas Internet giants stumble in China no matter how big their names are in their home markets.
To increase the odds of success in China's huge and rapidly growing Internet market, Uber Technologies Inc has teamed up with Internet heavyweight Baidu Inc in a strategic cooperation that would help the United States-based company gain ground in the country's highly competitive car-hailing business.
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