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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.

Source: Businessweek.com

Date: Dec 12, 2014

Link: http://www.businessweek.com/articles/2014-12-12/uber-is-now-a-pawn-in-chinas-internet-taxi-war

Questions for Discussions:

  • Do any of these developments suggest a growth opportunity for Uber?
  • How should investors deal with the information in this report?

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