China’s Google might be shopping for a stake in Uber
For all the horrifying incidents, shut-downs and PR disasters, Uber’s clearly obtained sufficient potential to excite the parents over at China’s Google. In line with Bloomberg, Baidu is able to throw something as much as $600 million on the experience sharing agency in trade for a small stake within the firm. It is a win-win for Uber, since it’s going to achieve the type of native information that US companies want to be able to make it in China, in addition to an enormous stack of money. As well as, Baidu will share on-line assets with the startup, though it isn’t but clear what that really means. The search big is sending out invitations to an announcement on December seventeenth, the place it’s going to reveal which “US startup that’s now a family identify” it is teaming up with. Which, you understand, might be Uber.