A sharing economy, come rain or shine

Rental umbrellas locked to a fence in Pudong district in Shanghai yesterday. A boom in bike-sharing and ride-hailing services has encouraged Chinese start-ups to share almost anything under the sun, from umbrellas and basketballs to concrete mixers,
PHOTO: REUTERS

Rental umbrellas locked to a fence in Pudong district in Shanghai yesterday. A boom in bike-sharing and ride-hailing services has encouraged Chinese start-ups to share almost anything under the sun, from umbrellas and basketballs to concrete mixers, reported the New York Times.

A version of this article appeared in the print edition of The Straits Times on June 19, 2017, with the headline 'A sharing economy, come rain or shine'. Print Edition | Subscribe