Description: Uber dominates any discussion about smartphone car services in the U.S., but the company is a bit player in the race to win over Chinese taxi riders. By taking a new investment from Baidu that could be worth as much as $600 million, Uber is hoping for help in catching up with local competitors before it’s too late.
Date: Dec 12, 2014
Questions for Discussions:
- Do any of these developments suggest a growth opportunity for Uber?
- How should investors deal with the information in this report?