Sharing Economy in Full Swing

This new model of how cars are used is becoming popular. In February 2017, Atzuche, one of its competitors, raised nearly RMB 400 million of funding.

In the last couple of years, the sharing economy has significantly changed our everyday lives in terms of clothing, food, housing, and transportation. Take transportation for example. Didi Chuxing, a ride-hailing app, has made daily trips to work more convenient and the bicycle- sharing service has made the first and last kilometer of a commute a more pleasant experience.

According to a report released by the Sharing Economy Research Center under the State Information Center, China’s sharing economy sector saw deals