26 Feb '17, 3pm

Singapore Is Getting Tougher on the Sharing Economy Brands It Once Embraced

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 theirexpertise 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 Airbnb and Uber, inviting its executives to conferences and ...

Full article: https://skift.com/2017/02/26/singapore-is-getting-tougher...

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