co-opetition

/ ˌkəʊɒpəˈtɪʃən /

noun

1. cooperation between competitors in business, esp in the computer industry

Example Sentences

Apps like Delivery Co-Op, which helps local eateries band together to share delivery costs, are helpful but, according to one restaurant owner, limited because “The restaurant industry isn’t set up for co-opetition.”

From The Guardian

“We have this sort of strange term in Silicon Valley: co-opetition,” said Bruce Sewell, Apple’s general counsel from 2009 to 2017.

From New York Times

The relationship between the companies has swung from friendly to contentious to today’s “co-opetition.”

From New York Times

Held at the posh Mandarin Oriental hotel, Fortune’s conference is the kind of event where the seminars have titles like, “Co-Opetition: From Competition to Cooperation,” and where the hallways are lined with pressed-juice stands, and pop-up Dior counters providing mini-makeovers, and many, many advertisements for M.M.

From Washington Post

Qualcomm president Amon described the delicate situation as “a relationship of co-opetition” at the summit last week.

From Reuters