Shared econ­omy

ChinAfrica - - Cover Story -

Based on the In­ter­net, China’s shared econ­omy has also made great strides in re­cent years. Be­sides shared bikes and shared cars, where the ve­hi­cles on the road are pro­vided by com­pa­nies, in­di­vid­ual peo­ple can also share their re­dun­dant re­sources on­line for profit.

Xiao Ma (not his real name) works in a state-owned en­ter­prise in Bei­jing. As his com­pany is more than 25 km from his home, he drives his car on work­days. Early this year, he reg­is­tered his car on the Didi Shun­fengche app to pro­vide a car-rid­ing ser­vice. Now, when he goes to work in the morn­ing and goes back home af­ter work in the af­ter­noon, he opens the app and can find rid­ing or­ders.

“I just drive along my or­di­nary route ev­ery day, and pick up my pas­sen­gers on the way. I do not need to de­vi­ate,” said Xiao.

The app can an­a­lyze or­ders and send them to dif­fer­ent driv­ers ac­cord­ing to their pre­set routes. While tak­ing Shun­fengche ve­hi­cles, pas­sen­gers only pay about half of the nor­mal taxi fare for the same dis­tance.

“My car has four va­cant seats so if I use it all by my­self it’s a waste of re­sources,” said Xiao. “Why not share these seats with other peo­ple? At least I can earn back my fuel ex­pen­di­ture.”

Ac­cord­ing to CNNIC, China’s shared econ­omy is in a rapid ex­pan­sion pe­riod, with 639 mil­lion car hir­ing ser­vice app users (in­clud­ing users of taxi hail­ing apps, ex­press cars hail­ing apps and lux­ury car hail­ing apps), and 106 mil­lion shared bike app users.

Other apps such as Guazi, where users can sell their used cars, and Zhuanzhua, where peo­ple can sell their used cell­phones, are also on the rise.

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