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 ...

The concept of sharing umbrellas might have not resonated with Chinese locals who failed to return most of the brollies provided by a new, venture-backed startup Sharing E Umbrella. Less than three ...

*The Chinese are catching on that their "sharing" schemes are underwritten by tons of loose VC money and they're not legally or morally required to "share" anything; they can just dump it or swipe it.

A startup in Shanghai has run into trouble after nearly 300,000 users failed to return their umbrellas after taking them. Sharing E Umbrella announced on Monday that they had lost nearly all of their ...

BEIJING - A Chinese grade school teacher was admonished Tuesday for letting a student hold a parasol for her on a school outing after photos of the incident drew overwhelming criticism on social media ...

Good morning. I'm Mary Louise Kelly. Sure, we've all lost an umbrella or two. But you'd have to really work at it to lose 300,000 of them. A Chinese startup has managed to do just that. The plan was ...