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Need a bike, ball or brolly? In China, there are sharing apps for these and more

But as the industry tops 3.45 trillion yuan, specialists warn the country is over-sharing, with some startups going bust

Renting of bikes, umbrellas, washing machines and spare rooms, among other things, is booming in China, spurred by smartphone apps such as Alipay and WeChat that allow customers to transfer money by scanning QR codes.


BASKETBALLS, electric scooters and rainbow-coloured umbrellas - nothing seems out of bounds in China's booming "sharing economy".

Where once Chinese consumers would look to shell out on items such as luxury handbags or cars, now they can rent them for short periods taking...

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