The sharing economy is taking off in China, where you can rent anything from basketballs to apartments, umbrellas to songs.
But it has taken a mercantile twist in the officially Communist country, with venture capital rather than citizens taking the spoils.
While the biggest proponents of the global shared economy, such as Airbnb and Uber, enable people to earn extra cash by renting out their apartments, cars or time, the income from virtually all China’s many rented goods accrues to the owners of capital.
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