With crackdowns on Uber and Airbnb, does the sharing economy have a future in Hong Kong?

In the past week, three leading yet struggling giants of the sector in Hong Kong have been in the headlines for the wrong reasons.

Airbnb host Frank Lee was baffled last week by news that Hong Kong officials planned to get tougher on short-term home rentals.

The IT professional has been letting a 75 sq ft spare room in his flat since 2012 to help him meet half the hefty HK$17,000 (RM8,805) rental bill he faces every month.