There is an investment war going on in between the major tech companies of China including Alibaba Group Holding Ltd (NYSE:BABA), Tencent Holdings Ltd (HKG:0700), and Baidu Inc (ADR) (NASDAQ:BIDU). Each of these companies is trying to transform into a one-stop shop for the world’s largest internet user market. According to a recent research, Alibaba…
Baidu Inc (ADR) (BIDU) Ready To Support Uber Technologies In Chinese Expansion
Baidu Inc (ADR) (NASDAQ:BIDU), the biggest search engine of China, has come forward to support the taxi-booking app, Uber Technologies Inc., by purchasing a minority stake in the company. The recent round of funding put the app company at a whopping market valuation of $40 billion dwarfing automobile manufacturers such as Tesla Motors Inc (NASDAQ:TSLA).…
Baidu Inc (ADR) (BIDU) Employs Top Microsoft Corporation (MSFT) Executive
In its quest for hiring the best top management team, Baidu Inc (ADR) (NASDAQ:BIDU) hired the most-regarded Microsoft Corporation (NASDAQ:MSFT)’s executive in China, Zhang Yaqin for a new business role. The company is said to improve its portfolio with more acquisitions and investments in innovative technologies. The main reason for hiring Zhang is to offer…