Alibaba close to buying strategic stake in Meru

Mumbai-based Meru Cabs is in talks with Chinese e-commerce giant Alibaba for a strategic investment.  Alibaba executives have held discussions with Meru and talks are likely to progress in the......

What prompted China's Baidu to buy stake in Uber

Baidu's stake in Uber looks more hype than substance. Strategically, the alliance looks like a coup. The Chinese search engine is behind rivals Alibaba and Tencent in the mobile taxi app business.......