PARTNERSHIP: Kalanick (left) and Baidu chairman and CEO Robin Li shaking hands after a signing ceremony and press conference in Beijing, where the two companies announced a strategic investment and cooperation agreement.
BEIJING/SHANGHAI: Deep-pocketed Chinese rivals and tough regulators stand in the way of US car-hailing service Uber's plans to conquer one of the world's biggest transportation markets, even after it signed a tie-up with domestic internet giant Baidu Inc.
The terms of a deal that sees Baidu buy a stake in the fast-growing taxi app operator were not disclosed.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
