Baidu, Maker Of China’s Largest Search Engine, Confirms Its Strategic Investment In Uber — techcrunch.com

It’s official: Chinese Internet giant Baidu has confirmed that it is Uber’s latest investor, as TechCrunch reported last week. The companies did not disclose the amount of the investment, though Bloomberg earlier said that it is $600 million. We’ve contacted Baidu for more information. The Baidu investment comes just a few weeks after Uber announced that it had raised $1.2 billion in funding at a $40 billion valuation, with a portion of the capital earmarked for expansion in the Asia-Pacific region.

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