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And now the NYT’s official watchdog is weighing in, too.

An opinion piece from Bloomberg published in May argued that Chinese consumers' embrace of mobile payment is key in the future development of sharing economy. China's demographic profile and changing nature of consumption are two other major factors.

And here’s the view at Seventh Avenue and Blanchard Street:

An online crowdfunding effort from a German expat couple living in Ningbo, Zhejiang province, hit its goal, raising 128,888 yuan (,172) for the cancer-stricken wife two days after it went online Jan 22.

And the function of bookstores has expanded from merely selling books to cultural and entertaining consumption－to evolve into "a hub of events and gatherings for publishing companies, writers, key opinion leaders and book enthusiasts", Ren added.