Sharing Economy

Ofo Denies It Is Nearing Sale to Didi

Ofo Denies It Is Nearing Sale to Didi

Ofo is not close to signing a takeover deal with the world’s biggest ride-hailing provider and one of its largest…

Jul 30, 2018
Xu Wei
Haier Leads Funding Round in Washing Machine Sharing Platform

Haier Leads Funding Round in Washing Machine Sharing Platform

Light Oxygen Technology, which runs a software-based shared washing machine platform, has bagged CNY55 million (USD8 million) in a funding round led by home appliance giant Haier’s investment arm.

Jul 25, 2018
Liu Jing & Tang Shihua
Ofo Unveils New Push in Lucrative Overseas Markets

Ofo Unveils New Push in Lucrative Overseas Markets

Ofo Will Focus on Three Overseas Markets; Mobike to Reign Over the Home Turf. Ofo, one of China's two biggest…

Jul 6, 2018
Xu Wei
Bicycle Makers Fold as Heat Goes Out of China’s Bike-Sharing Market

Bicycle Makers Fold as Heat Goes Out of China’s Bike-Sharing Market

Chinese bike-sharers' troubles are spilling over and the most recent victims are bike-makers.

Jul 2, 2018
Liao Shumin
Balenciaga for USD2 Per Day; China's E-Tailers Offer Luxury at Basement Prices

Balenciaga for USD2 Per Day; China's E-Tailers Offer Luxury at Basement Prices

Customer-to-customer marketplaces for renting luxury fashion apparel have become the latest chapter in China's sharing-economy chronicle, offering designer handbags for…

Jun 29, 2018
Emmi Laine
China’s Sharing Economy Is on Track to Retain Rapid Growth, Accenture Study Shows

China’s Sharing Economy Is on Track to Retain Rapid Growth, Accenture Study Shows

China’s Sharing Economy Is on Track to Retain Rapid Growth, Accenture Study Shows

Jun 20, 2018
Chen Juan & Liu Jing
Balenciaga for USD2 a Day; China’s Sharing Economy Offers Luxury at Basement Prices

Balenciaga for USD2 a Day; China’s Sharing Economy Offers Luxury at Basement Prices

Balenciaga for USD2 a Day; China’s Sharing Economy Offers Luxury at Basement Prices

Jun 13, 2018
Qian Tongxin
Ofo Denies Embezzling Around USD1.6 Billion in User Deposits

Ofo Denies Embezzling Around USD1.6 Billion in User Deposits

Beijing Bikelock Technology, the firm behind leading bike sharer Ofo, has denied misappropriating user funds worth over CNY10 billion (USD1.6 billion).

Jun 11, 2018
Liao Shumin
Mobike Adds 100 Cities to List of Deposit-Free Riding Zones

Mobike Adds 100 Cities to List of Deposit-Free Riding Zones

Beijing Mobike Technology, one of the world’s biggest cycle sharers, has unveiled plans to unconditionally offer deposit-free riding across 100 more Chinese cities.

Jun 11, 2018
Xu Wei
China Looks to Standardize Development of Burgeoning Sharing Economy

China Looks to Standardize Development of Burgeoning Sharing Economy

Chinese authorities have unveiled plans to standardize development of the country’s rapidly-expanding sharing economy.

Jun 4, 2018
Xu Wei
China’s Sharing Economy Will Continue to Grow at 30% Annually to 2023

China’s Sharing Economy Will Continue to Grow at 30% Annually to 2023

China's sharing economy will continue to grow at an annual rate of over 30 percent over the next five years,…

Feb 28, 2018
Dou Shicong
 Lemobar Lands USD7.6 Million to Bolster Massage Chair Sharing Service

Lemobar Lands USD7.6 Million to Bolster Massage Chair Sharing Service

Fuzhou Palm Create Information Technology Co., which operates massage chair-sharing brand Lemobar, has closed its first funding round at CNY50…

Dec 27, 2017
Tang Shihua