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What Happened to the Sharing Economy in China?

June 17, 2020 By Matthew Fulco

A steep economic slowdown is exacerbating the problems for once-golden startups in the sharing economy, from those offering shared office space to shared umbrellas   In China’s sharing economy, it is no longer possible to just share and share alike. The concepts encompassed by the phrase “sharing economy” inspired a huge injection of investment funds […]

Filed Under: All Articles, China, Consumers, Economy, Entrepreneurship, Technology Tagged With: Sharing Economy

Co-Working Capital: Investment is Flowing into China’s Shared Office Market

September 2, 2019 By Mable-Ann Chang

Co-working spaces are a booming industry concept in China thanks to billions of dollars in funding. But how long before the lack of profits causes a shake-out? Walk into any of the most popular co-working spaces in China and you will instantly understand their appeal. They feel different to the average office, with their stylish designs, open office plans, laidback atmosphere, endless supplies of coffee and beer, and trendy young unicorn-hopefuls bouncing around.

Filed Under: China, Consumers, Entrepreneurship, Finance, Real Estate Tagged With: Chinese Market, co-working space, Investment, Sharing Economy

After Ofo: How the Bike-sharing Firm’s Collapse Changed China’s Tech Sector

May 13, 2019 By Dominic Morgan

Right up until the moment his company imploded, Ofo founder Dai Wei insisted he was building a corporate empire to rival Google.
But the young entrepreneur has now come to resemble a modern-day Ozymandias: all that remains of Ofo’s bike-sharing dream are the battered, unusable yellow cycles still littering China’s streets. The collapse of the Beijing-based startup, which just two years ago was valued at $3 billion, has captivated China over recent months.

Filed Under: All Articles, China, Consumers, Entrepreneurship, Innovation, Technology Tagged With: Bike sharing, Mobike, Ofo, Sharing Economy

What Defines China’s Business Future? Data, Smart Systems, and Sharing.

May 14, 2018 By Bingsheng Teng

Forget e-commerce. In today’s China, the smartest businesses are moving the digital revolution into the offline world as the boundaries between online and offline become increasingly blurred. The integration of information technology into our daily lives is allowing companies to apply advanced big data techniques to transform a range of industries previously considered relatively impervious to digital disruption. For businesses across nearly every sector, the key to future success now lies in three areas: data, smart systems and the sharing economy.

Filed Under: All Articles, China, Chinese Economy Tagged With: Alibaba, New Retail, O2O, Sharing Economy

Is China’s Sharing Economy on Borrowed Time?

November 6, 2017 By Tom Nunlist

The sharing economy exploded in China this year, with companies for all kinds of shareable objects taking part in this new business model. While there are businesses familiar to Westerners—shared offices, cars and rides—there are also ideas that seem a little kooky, such as shared basketballs and umbrellas. Although some call it innovative, many realize these companies are just “rental 2.0” companies, assisted by digital technology. As the concept reaches fever pitch, however, it is also facing a reality check, especially as many firms, ballooned by venture capital funds, start to show signs of failing.

Filed Under: All Articles, Chinese Economy, Creativity, Digital Economy, Innovation, Know China, Technology Tagged With: Airbnb, Mobike, Ofo, Sharing Economy, Uber

Is Didi Chuxing Grappling With a Pyrrhic Victory in China?

December 8, 2016 By Liu Sha

One could be forgiven for thinking that after purchasing Uber’s China operations, Didi Chuxing—which now boasts over 300 million users and over 80% of China’s market—would be on easy street. But things are never that simple in the Chinese market. Figures have shown Didi is losing users and drivers. Under strict Chinese local governments’ new policies, Didi may face bigger challenges than Uber China. Meanwhile more people cast doubts over its business model. Boasting a sharing economy model, car-pooling, the company now relies more on providing car-hailing services with prices lower than taxis to maintain its scale. Once the subsidies withdrew, users walk away.

Filed Under: All Articles, Automobile Industry, China, Consumers, Digital Economy, Know China, Technology, Winning in China Tagged With: Car Rental, Didi Chuxing, Sharing Economy, Technology, Uber

Uber-Didi Merger Ends a Fierce Rivalry for Market Share

September 7, 2016 By Jiang Yaling

The battle for car hailing market share has ended with Uber merging its Chinese business with local rival Didi Chuxing. The merger deal gave Didi a market share of nearly 90%. There are many worries and questions following the deal: will government consider it to be an absolute monopoly? Will passengers pay more and drivers being paid less? How will Didi manage to operate Uber China afterwards? To answer those questions we need to understand the history of Didi Chuxing—how it operated in ‘grey area’ and managed to beat so many other local competitors before it merged with Uber China—find the answer in our article.

Filed Under: All Articles, Know China, Mergers and Acquisitions, Strategy Tagged With: Didi Chuxing, Sharing Economy, Uber

New regulations may hit Didi-Uber and give Yidao Yongche a chance: an interview with Yidao’s CEO

August 22, 2016 By Liu Sha and Deng Yuanyuan

Yidao Yongche was the first car-hailing business in China. At first, the company was badly affected by opposition from local authorities—but later on was hit by the rise of Didi and Uber China, which became popular through subsidies and low prices. In July, Chinese authorities finally legalized car-hailing apps and stipulated that unfair competition, such as steep discounts and subsidies, should stop. So will Yidao seize the opportunity and grow? Zhou Hang, CEO and founder of Yidao, talks about his company and the future of the “internet of cars”.

Filed Under: All Articles, C-Suite Interview, Conversations, Know China, Q&A, Strategy, The Chinapreneurs Tagged With: Didi Dache, Sharing Economy, Uber, Yidao Yongche

Rachel Botsman on the Collaborative Economy

February 2, 2016 By Chris Russell

The sharing economy has gone from being a niche idea most familiar to Silicon Valley insiders to one that has reshaped our lives—you’d be hard pressed to find a city dweller who hasn’t at least taken an Uber or stayed in an Airbnb. But for all that expansion, the ideas underpinning it are not so well understood, a fact routinely demonstrated in the often fraught debates concerning what the sharing economy means for workers’ rights, traditional incumbents and the role of regulation. Rachel Botsman, co-author of What’s Mine is Yours: How Collaborative Consumption is Changing the Way We Live, explains the intricacies of this still nascent phenomenon.

Filed Under: All Articles, Conversations, Innovation, The Thinker Interview Tagged With: Sharing Economy

How Tujia, ‘China’s Airbnb’, is Different from Airbnb

August 12, 2015 By Neelima Mahajan

Four-year-old online vacation rental site Tujia, which is valued at $1 billion, offers Airbnb-like services with unique twists suited to the specific needs, wants and quirks of Chinese travelers.

Filed Under: All Articles, Conversations, Digital Economy, Know China, Technology, The Chinapreneurs, Tourism Tagged With: Airbnb, Ctrip, HomeAway, Sharing Economy, Slider, Travel, Tujia

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.


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