Mr. Khosrowshahi has forsworn his predecessor’s infamously pugnacious way of doing business. “It is fair to ask whether consolidation is now the strategy of the day,” Mr. Khosrowshahi wrote in an email to staff. One key benefit of combining with Uber, Mr. Maa said, is that it immediately expands Grab’s food-delivery operations. Didi is also aiming to expand soon into Japan — a market in which Uber, too, will make a big push this year, according to Mr. Khosrowshahi. SoftBank, despite being an investor in both Uber and Didi, announced recently that it would partner with Didi in Japan.

Source: New York Times March 26, 2018 02:37 UTC