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'Sharing economy' reshaping markets

Uber is the best known platform in this phenomenon, having reached a valuation of US$40 billion

Washington

WANT to make a bit of extra cash driving strangers around in your car, taking care of someone's dog, renting your apartment or cooking a meal?

Welcome to the sharing economy.

With Internet-based apps and services like Uber, Airbnb and others, you make money, and the consumer saves. So it's a win-win? That's the multibillion-dollar question.

The new way of operating has been reshaping entire economic sectors, with the promise of improved efficiency and more flexibility.

The spectacular rise of ride-sharing, home-sharing and other services turned these economic models upside down, and has fuelled complaints that these services effectively skirt rules on safety, consumer protection and labour...

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