The “sharing economy” business model has taken root around the world in the form of bicycle and car sharing services, apps that help with daily tasks, and apartment rentals.
In China, the sharing economy was worth 3.5 trillion RMB ($520 billion) in 2016, and employed 60 million people, according to China’s Sharing Economy Research Institute under the State Information Center.
Sharing economy companies typically reach people that pay to access shared products or services, instead of buying them individually.
Li Keqiang, the current Premier of the State Council of China, has said the sharing economy is a new way of stimulating economic growth.
View some examples of sharing economy companies in China. Click on image to enlarge.No gallery template found!