New dawn or Wild West? 'Sharing economy' goes global

By Rob Lever in Washington Agence France-Presse ( China Daily ) Updated: 2016-01-09 09:09:42

It's a new dawn for transport, lodging - and pretty much every service under the sun - and it's all about "sharing."

The so-called sharing economy gained traction across the globe in 2015 as Uber upended the taxi business, Airbnb disrupted the hotel sector and a host of online and mobile startups let people moonlight as chefs or handymen.

Many see great promise in the collaborative economy, starting with the people flocking to it as way to turn their car or apartment, spare time or hobby, into a source of revenue - with far great flexibility than a conventional job.

New dawn or Wild West? 'Sharing economy' goes global

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