How Much Does Asia Contribute to the Global Sharing Economy?

Social technology is making it easier for people to transact with each other, enabling people to share homes, skills, transportation—and even food —with each other. The sharing economy this year will generate $350 billion in transactions, according to Melissa O-Young, the founder of Let’s Collaborate! But how much of that is actually coming from Asia? When one thinks of the “sharing economy,” the first companies that come to mind are Silicon Valley darlings, like Airbnb and Uber. While the exact value is hard to measure, the concept of the sharing economy in Asia has also been booming, albeit more quietly than in the West. With a flourishing ecosystem and culture of micro-entrepreneurship already present in Asia, the foundation is there for the sharing economy to continue its ascent. Crowdfunding...

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