The internet company is reportedly set to invest $600m in Uber, as the ride sharing company looks east for expansion.
China-based search engine operator Baidu is set to invest up to $600m in US-based taxi ordering app Uber, Bloomberg has reported, citing a person familiar with the matter.
Uber secured $1.2bn in series E funding at a $40bn valuation less than two weeks ago, stating at the same time that it could seek to raise up to $600m more.
The funding has appeared to come from Baidu, which has not yet officially confirmed its investment, despite claiming that it…
