The sharing economy has huge potential in China, where the younger generation are ready to embrace new ways of doing business and living, senior management of Airbnb believe. "We've seen positive signs of a developing sharing economy in China both from the consumers and the government," Varsha Rao, head of global operations for Airbnb, told Xinhua during the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin.
Rao Tianle knew he and his family had had a lucky escape when he saw the meter-wide chasm that a raging torrent of flood water cut in front of his former home in east China's mountainous Jiangxi Province over the weekend.
Pioneer microblogging service Twitter has named a new head for its Greater China operations, following a more than 300 per cent growth in the number of its Chinese advertisers the past year.
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