--FILE--Visitors stand next to a passenger bus with an advertisement for Baidu during the 16th China International Industry Fair (CIIF) in Shanghai, C
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Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W8YB5HFile size:
46.1 MB (1.5 MB Compressed download)Releases:
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4918 x 3279 px | 41.6 x 27.8 cm | 16.4 x 10.9 inches | 300dpiDate taken:
4 November 2014Photographer:
ImaginechinaMore information:
--FILE--Visitors stand next to a passenger bus with an advertisement for Baidu during the 16th China International Industry Fair (CIIF) in Shanghai, China, 4 November 2014. Chinese Internet giant Baidu Inc. will invest in ride-hailing app Uber Technologies Inc. in a move that will help the U.S. startup¯s business in China, a person familiar with the matter said Friday (12 December 2014). Details of the investment amount weren¯t immediately known. Baidu said it is expected to announce an investment in a U.S. startup on Dec. 17, but didn¯t provide further details. For Baidu, the investment in Uber allows the Chinese Internet firm to better compete against rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd. in China¯s rapidly growing market for transportation apps.