23 Feb '17, 6am

Disrupting the disruptor's: Singapore rattles sharing economy with rule change

By Fathin Ungku and Jeremy Wagstaff | SINGAPORE SINGAPORE Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some say, are a sign that even governments sympathetic to companies that allow citizens to rent out their expertise or property have a hard time striking the right balance between encouraging disruptive technologies and keeping them in line. "I know a lot of people will give back their keys, that's for sure," said Lionel Ong, 33, an Uber driver, who wants to look for a less demanding part time job. As its traditional manufacturing industry has hollowed out in the past decade or so, the affluent city-state has been quick to embrace opportunities in the digital economy, hosting the Asian headquarters of A...

Full article: http://www.reuters.com/article/us-singapore-sharingeconom...

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Disrupting the disrupters: Singapore rattles sh...

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By Fathin Ungku and Jeremy Wagstaff | SINGAPORE SINGAPORE Singapore, a keen early adopter of the sharing economy, has fire...

Disrupting the disrupters Singapore rattles sharing economy with rule change

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Singapore , a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with t...

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