The new face of competition: Incredible to hear today that China's car-sharing arch-rivals, Uber China and Didi Chuxing are merging. The best way to compete? Collaborate...

In the deal, Didi gets all of Uber's China operations and Uber gets 20% of Didi at a $35 billion valuation - which is a 75% increase in the $20 billion valuation when Apple invested $1 billion just 10 weeks ago (when I wrote the post below). Didi is also investing $1 billion in Uber at a $68 billion valuation.

The result will be that Uber will become the largest shareholder in Didi, and Didi will become one of the largest shareholders in Uber.

In the new economic paradigm, competition erodes value and collaboration adds value. What big competitor could you partner with today?

Source: Roger James Hamilton's Facebook Page: https://m.facebook.com/story.php?story_fbid=10157098168515411&id=834545410