Remembering Jimmy

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Jimmy Guterman — We lost the author of this newsletter (and NewCo’s Executive Editor) last week, a terrible blow to family, friends, colleagues, and NewCo. Read more about him here.

Uber Rides Shotgun With Didi in China — Maybe partnership is the new black. After spending billions trying to win at all costs, Uber has decided to work with its Chinese rival (Bloomberg). The company will combine its Chinese business with Didi Chuxing (China’s version of Uber), and by default the Chinese government, which just so happened to legalize ride sharing the week before. Didi will also invest $1 billion into Uber globally. Oh, to be a fly on that particular Chinese wall….

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