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Umbrellas, basketballs join China's sharing economy

Its sharing economy has evolved into something like an Internet-enabled rental business

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"After all these years, China is finally embracing its communist roots," said Andy Tian, an entrepreneur and co-founder of Asia Innovations Group in Beijing. "That's the essence of communism: communal sharing."

Beijing

CHINA may be oversharing.

First, a brutal and costly ride-hailing war drove Uber out of the country. Then a boom in bike-sharing blanketed city streets with unused bicycles.

Today, Chinese startups want to share umbrellas, concrete mixers and mobile phone power banks

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