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Baidu to buy stake in Uber
Add BT as a preferred sourcePublished Wed, Dec 17, 2014 · 09:50 PM
Beijing
CHINESE Internet giant Baidu Inc agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world's biggest transportation markets.
The companies didn't disclose how big a stake Baidu is taking, nor how much it is paying for the investment in the taxi app operator.
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