Image: Unsplash

Image: Unsplash

China is betting on the sharing economy to drive its shift into a service-based economy and a new era of growth

00:00/00:00
2018 was a tough year for a fair number of Chinese startups in the sharing-economy sector, especially those in bike- and car-sharing.
Last year on May 16, the Transportation Ministry ordered bike- and car-sharing companies to refund users their deposits from June 1, with a respective two- and 15-working-day deadline – dealing an extra blow to those already grappling with a cash crunch.
By then, there were nearly 16m Ofo users waiting to get back their deposits of either RMB 99 or 199. Another bike-sharing startup, Xiaoming Bike, which filed for bankruptcy in July...

The rest of the content is exclusive to Premium subscribers

Subscribe now to continue accessing our full range of insights and data.

I’m a/an
  • Entreprenuer
  • Investors
  • Researcher
  • Technology & Startup Enthusiast
  • Government Staff

Your payment was not successful.

Please make sure you have entered your payment details correctly. Or try again in a few moments.

The discount code you entered is invalid

Please make sure you have entered your discount code correctly. Or try again in a few moments.

Download successful.

Your sample has been sent. Please check your email.

By continuing to browse this website, you consent to our use of cookies, as well as to our Terms of Use and Privacy Policy which provide additional information about how we process your data. This website uses cookies to enhance your user experience. Please read our Cookies Policy for more information on how we use cookies, as well as instructions on how to disable cookies. You may disable cookies through your internet browser settings, however this may result in some parts of the website not working properly for you.