The ride-anywhere and park-anywhere business model of China’s bicycle-sharing services have made companies like Ofo and Mobike the vanguards of the country’s “sharing economy” companies, in the process giving them billions of yuan in valuation. Photo: AFP
Opinion
Opinion
Across The Border
China’s buzzing sharing economy may not be real, but the money sure is
As many as 600 million people are involved in China’s sharing economy, with the value of transactions estimated at US$500 billion.
The ride-anywhere and park-anywhere business model of China’s bicycle-sharing services have made companies like Ofo and Mobike the vanguards of the country’s “sharing economy” companies, in the process giving them billions of yuan in valuation. Photo: AFP