Following the FT reporting that Uber and DoorDash discussed merging last year, it seems like the Vision Fund will encounter several scenarios where their portfolio companies will be direct competitors.
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SoftBank wants its on-demand portfolio to stop losing so much money
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Uber is under siege in Latin America amid a bruising price war where its ostensible rivals are Rappi and China’s Didi Chuxing Technology Co. But here’s the twist. All the combatants have as their biggest owner the same tech investor, Japan’s SoftBank Group Corp., which has injected a total of $20 billion into the three.
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