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    Recent History: Baidu

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    shobhraj
    Baidu, China's largest search engine, invested in Uber in December 2014. The deal connected Baidu's mapping apps to Uber's app. At the time, Uber operated in 8 Chinese cities. In May 2015, Uber announced plans to raise $1.5-2 billion, raising its valuation to $50 billion or higher. Google Ventures had previously invested $258 million in Uber in 2013.

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    Recent History: Baidu

    Uploaded by

    shobhraj
    14 views1 page
    Baidu, China's largest search engine, invested in Uber in December 2014. The deal connected Baidu's mapping apps to Uber's app. At the time, Uber operated in 8 Chinese cities. In May 2015, Uber announced plans to raise $1.5-2 billion, raising its valuation to $50 billion or higher. Google Ventures had previously invested $258 million in Uber in 2013.

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    Baidu, China's largest search engine, invested in Uber in December 2014. The deal connected Baidu's mapping apps to Uber's app. At the time, Uber operated in 8 Chinese cities. In May 2015, Uber announced plans to raise $1.5-2 billion, raising its valuation to $50 billion or higher. Google Ventures had previously invested $258 million in Uber in 2013.

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    14 views1 page

    Recent History: Baidu

    Uploaded by

    shobhraj
    Baidu, China's largest search engine, invested in Uber in December 2014. The deal connected Baidu's mapping apps to Uber's app. At the time, Uber operated in 8 Chinese cities. In May 2015, Uber announced plans to raise $1.5-2 billion, raising its valuation to $50 billion or higher. Google Ventures had previously invested $258 million in Uber in 2013.

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    of 1

    On December 12, 2014, TechCrunch reported that the Chinese search engine Baidu, the

    mainland's largest, is expected to make a significant investment in Uber.[56] The deal, the details
    of which were not shared with the media, was confirmed on December 17, 2014, following a
    Beijing meeting involving Kalanick and Baidu chief executive and chairman Robin Lee, who
    made a commitment to connect the search engine's map and mobile-search features with Ubers
    app. At the time of the arrangement, Uber existed in eight Chinese mainland cities. Kalanick told
    the media afterward of an absence of "pressing regulatory issues" for Uber in China. [57][58] In May
    2015, Uber revealed plans to raise between $1.5 billion and $2 billion in new funding, raising the
    value of the company to $50 billion or higher. [59]
    Google Ventures invested $258 million in 2013.[60] The Chinese search engine Baidu made an
    investment in Uber in December 2014 in a deal that also involved connecting Uber with Baidu's
    mapping apps.[56][61] In 2016, Toyota made an undisclosed investment in Uber and looked into
    leasing options, which could potentially aid Uber drivers financially, a move in response to the
    other partnerships between Toyota's and Uber's counterparts.[62]

    Recent history[edit]
    As Uber grew internationally, it also began to experience disputes with governments and taxi
    companies in those regions. In April 2014, Uber was banned by the government inBerlin,
    although the company remains active in other German cities. The ban is still being discussed as
    of December 2014.[63] Taxi drivers in London, Berlin, Paris and Madridstaged a large-scale protest
    against Uber on June 11, 2014.[64]
    Also in February 2015, Uber announced a collaboration with Carnegie Mellon to establish the
    Uber Advanced Technologies Center, a new facility in Pittsburgh meant to support research in the
    development of self-driving vehicles.[65] Additionally, Uber expanded its UberPOOL services to
    Los Angeles and New York City,[66] expanding further in March, to offer UberPOOL in Austin,
    Texas, in anticipation of the South by Southwest festival. As of May 2016, Uber has pulled their
    Austin program, due to stricter regulations from the government. [67] In April 2015, Uber renamed
    its UberFRESH program as UberEATS[68] and expanded the service to include Barcelona, Los
    Angeles, Chicago and New York City.[69][70] In June 2015, Uber launched a leasing program
    through its wholly owned subsidiary called Xchange Leasing where it offers flexible, affordable
    leases designed for its driver-partners.[71]
    The following month, Uber launched its UberMilitary Families Coalition, a new project to support
    its existing UberMilitary initiative.[72] The project seeks to partner Uber with existing military family
    organizations and hire more military dependents, in addition to veterans, as drivers. [72] Also in
    May 2015, Uber updated its app to include accommodations for drivers who are deaf or hard of
    hearing.

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