Chinese regulator says it will tighten oversight of sharing economy

Chinese regulator says it will tighten oversight of sharing economy

FILE PHOTO: A person wearing a mask rides a bicycle of bike-sharing service on a street, almost a year after the start of the coronavirus disease (COVID-19) outbreak, in Wuhan, Hubei province, China December 17, 2020. REUTERS/Aly Song TPX IMAGES OF THE DAY

China’s market regulator said on Monday it would step up oversight of the so-called sharing economy, where consumers share access to goods and services often with the help of an online platform.