CAPE TOWN, South Africa -- Provided it continues to grow globally, Uber could soon become the first foreign-owned tech company to truly flourish in China. After all, if Didi and its backers didn't consider Uber a real contender in the battle for the world's largest ride-hailing market, they would have stopped with the capital-raising bonanza some time ago.
MILAN -- The truth is that the Internet-led process of exploiting under-utilized resources - be they physical and financial capital or human capital and talent - is both unstoppable and accelerating. The long-term benefits consist not just in efficiency and productivity gains (large enough to show up in macro data), but also in much-needed new jobs requiring a broad range of skills. Indeed, those who fear the job-destroying and job-shifting power of automation should look upon the sharing economy and breathe a bit of a sigh of relief.