Shobhit Shubhankar

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Gang says Didi contemplated expanding into the States. Instead, in September 2015, it invested $100 million in Lyft. Then it established an anti-Uber ridesharing confederacy with Lyft and the regional ridesharing startups Ola, in India, and Grab Taxi, in Southeast Asia, all of them agreeing to share technology and integrate with one another’s apps. According to Gang, it was less about undermining Uber than about gaining negotiating leverage. ‘The purpose of them grabbing a lock of our hair and us grabbing their beard isn’t really to kill the other person,’ he says. ‘Everyone is just trying to ...more
The Upstarts: How Uber, Airbnb and the Killer Companies of the New Silicon Valley are Changing the World
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