According to the "Credit Assisted Sharing Economic Development Report" released by the National Information Center on the 6th, from January 2016 to April 2017, credit-based services like deposit-free models significantly fueled the rapid growth of the sharing economy. User numbers grew by an average of 12.7% each month, while daily user engagement surged by 8.7 times. This marked a turning point in how people accessed and used shared resources.
Yu Fengxia, deputy director of the Center for Sharing Economic Research at the State Information Center, noted that in 2016, China's sharing economy accounted for approximately 345 billion yuan in transaction volume, with over 600 million people participating. The momentum behind this exponential growth started earlier in the year, signaling a shift in consumer behavior and economic practices.
Sharing Economy is a new form of social and economic innovation that integrates decentralized, idle resources through platforms, enabling efficient matching of supply and demand. It emphasizes two key principles: “Access Over Ownership†and “Unused Value Is Wasted.†By leveraging underused assets, it fosters sustainability and efficiency.
This model has become a major trend, helping to optimize resource use, connect supply and demand more effectively, boost business competitiveness, reduce overcapacity, and drive industry transformation. Traditional economies were once dominated by monopolies and exclusive ownership, but the rise of mobile technology and social networks has shifted power toward shared value creation.
In the sharing economy, people are adopting simpler lifestyles, actively using others’ resources, and sharing their own idle assets. This movement is not just about consumption—it’s about collaboration and mutual benefit.
With the rise of the “Internet+†era, sharing economy has evolved into a powerful force. Consumer participation based on shared values brings both opportunities and challenges. Some industries struggle in this new landscape because consumers no longer need to buy products; they can access them through shared platforms.
As the sharing economy matures, more sectors are embracing its potential. The global sharing economy is gaining traction, with companies like Uber, Airbnb, and Didi leading the way. Industry experts predict that by 2025, the global sharing economy could reach 230 billion pounds.
The concept of sharing is evolving into a smarter, more inclusive version—Sharing Economy 2.0. This phase focuses on data-driven sharing, public-private collaboration, and the full utilization of social resources. It combines elements of friendly, inclusive, trust-based, cooperative, experiential, and ecological economies.
As we enjoy the convenience of internet innovations, we may not realize that the internet itself is becoming less of an industry and more of an infrastructure. Cross-border disruption is reshaping industries, pushing all sectors toward digital integration.
Cross-border and subversive business models are now common. Companies like Apple and WeChat have disrupted traditional markets, showing how the internet can challenge established norms. This wave of change is unstoppable.
With the advancement of VR technology, the sharing economy is expanding into virtual spaces. In the near future, the combination of VR and sharing could create a new economic model where people freely participate in shared platforms and generate income through resource-sharing. This format may become a key feature of post-commercial society.
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