Faculty News

Professor Arun Sundararajan discusses the sharing economy's prospects in China

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Excerpt from CGTN -- "I think that many of the business models are quite solid because of so much excitement around the sharing economy, especially in China. My book came in out in China a couple of months ago and I think it sold way more in China than it did in the United States already. But because of the excitement, there's going to be over-investment, so there are bound to be some high-profile failures over the next few years. But, fundamentally, we are looking at a multi-trillion-dollar sector of the economy in the years to come, as many of these business models, like Didi Chuxing's business model, become the dominant way of organizing economic activity and getting the services in the coming years."

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