Baidu To Feed $500 Million To Its Takeout Delivery?

By | December 29, 2015

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Chinese Internet company Baidu (BIDU) said in a non-public prospectus that it wants to secure as much as $500 million for its Web-based food ordering platform Baidu Takeout Delivery, according to an unconfirmed report on Tuesday. The funding round began in November and should be completed in January, according to Marbridge Consulting, which cited a report appearing on Chinese news site Caixin.com. Representatives for Baidu did not immediately Scalper1 News

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