New Delhi: Search engine Baidu is all set to become the latest Chinese Internet firm to take an interest in the flourishing market for transportation apps.
Chinese internet giant Baidu is reportedly planning to invest up to $600 million into Uber.
Bloomberg reports that the investment could be as much as $600 million, although it is not confirmed yet.
Uber will in turn receive cash and non-cash assets which also include Baidu's online resources.
The update comes after partnerships between dominant Chinese taxi-hailing apps Kuaidi Dache and Didi Dache, which have been backed by Baidu rivals Alibaba and Tencent Holdings respectively.
