Sharing Bikes and Umbrellas in China

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The Chinese love the sharing economy more than anyone else, from bikes to umbrellas. Ed Butler takes a trip on a shared bike in Shanghai, one of millions on the streets of China's cities, and finds out how Chinese firms are exporting the business model to Europe and America with Steve Pyer, the head of UK operations at Mobike, and Tom McGovern, founder of Urbo - an Irish competitor. We also hear from Justin Jia, a Chinese entrepreneur pioneering a sharing app for umbrellas, and Ronny Wong, a retail businessman who says sharing apps are all about the data. (Photo: shared bikes in Shanghai, Credit: Getty Images)