Skadden Arps Slate Meagher & Flom has acted opposite Davis Polk & Wardwell as Chinese internet giant Baidu this week announced it was investing in US taxi-booking company Uber.
December 19, 2014 at 05:36 AM
1 minute read
The original version of this story was published on Legalweek
Skadden Arps Slate Meagher & Flom has acted opposite Davis Polk & Wardwell as Chinese internet giant Baidu this week announced it was investing in US taxi-booking company Uber.
The deal, announced on Wednesday, is aimed at boosting Baidu’s share of China’s mobile internet market, and particularly the growth of ‘online to offline’ services in the country, while also growing Uber’s newly launched China business.
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