In May, Bloomberg ran a story titled “China Is the Future of the Sharing Economy.” “Conditions,” it promised, “are ideal for the sector to thrive.” Bike-sharing in the country is now a billion-dollar industry; companies that allow users to share phone batteries raised upward of $150 million in start-up capital. Today, you can even borrow […]
Source: http://www.washingtonpost.com/blogs/worldviews/wp/2017/07/12/a-chinese-umbrella-sharing-start-up-just-lost-nearly-all-of-its-300000-umbrellas/
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