Sharing Economy

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
China to Promote Development of Sharing Economy Demonstration Platforms in Key Areas

China to Promote Development of Sharing Economy Demonstration Platforms in Key Areas

The National Development and Reform Commission, China's top macroeconomic planner, issued a circular to promote the development of a number…

Dec 19, 2017
Liao Shumin
Southern Chinese City Xiamen Banishes 80,000 Shared Bikes From Streets

Southern Chinese City Xiamen Banishes 80,000 Shared Bikes From Streets

Xiamen, a city in the China’s southern province of Fujian, began clearing out excess shared bicycles at the start of…

Nov 27, 2017
Zhang Xia
Experts Call for E-commerce Legislation to Stem Defaulting on Bike-Sharing Deposit Repayments

Experts Call for E-commerce Legislation to Stem Defaulting on Bike-Sharing Deposit Repayments

Chinese consumer industry insiders and lawyers have recently called for a solution to companies defaulting on the repayment of customer…

Nov 27, 2017
Zhang Xia
Users Are Losers as Bike-Sharing Firms Ride Off

Users Are Losers as Bike-Sharing Firms Ride Off

Several bike-sharing companies have gone out of business, and many of their users have not gotten their deposits back, highlighting an issue with deposits in the bike-sharing industry.

Nov 21, 2017
Zhang Xia
Bluegogo Shuts Down With USD30 Million in Outstanding Debts, Insider Says

Bluegogo Shuts Down With USD30 Million in Outstanding Debts, Insider Says

Struggling Chinese bike sharer Bluegogo, run by Tianjin Luding Technology Co., has officially dissolved with supplier debts of CNY200 million…

Nov 16, 2017
Dou Shicong
Bluegogo Denies Alleged Takeover, Pledges to Refund Security Deposits by Nov. 10

Bluegogo Denies Alleged Takeover, Pledges to Refund Security Deposits by Nov. 10

Chinese bike-sharing startup Bluegogo, run by Tianjin Luding Technology Co., has denied speculation that it arranged a takeover deal with…

Oct 23, 2017
Zhang Xia