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China search leader Baidu is buying a minority stake in alternative taxi service Uber, as the San Francisco-Calif.-based ride-summoning company strives to expand in China, Bloomberg reported Friday. On Thursday, China-focused Marbridge Consulting reported that the deal was possibly in the works, citing unnamed sources. Baidu (BIDU) spokesman Kaiser Kuo told IBD via email on Friday that on the previous day, his company “did say that we were going Scalper1 News
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