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 promotions fueled a rapid expansion of the sharing economy. The number of users grew by an average of 12.7% each month, while daily user activity surged by 8.7 times. This marked a significant shift in how people access and use resources.
Yu Fengxia, deputy director of the State Information Center’s Sharing Economy Research Department, noted that in 2016, China's sharing economy transaction volume reached approximately 345 billion yuan, with over 600 million people participating in shared activities. The momentum for this growth started earlier in the year, signaling a strong trend toward more collaborative consumption models.
Sharing economy represents a new form of value creation that integrates decentralized, idle resources through platforms, enabling efficient matching of supply and demand. Its core principles are “Access Over Ownership†and “Unused Value is Waste.†These ideas have transformed how individuals and businesses approach resource usage.
The rise of the sharing economy has made it one of the most talked-about trends today. By optimizing social resources, connecting supply and demand effectively, and boosting enterprise competitiveness, it helps address overcapacity and fosters new business models that enhance national economic strength.
In contrast to the traditional economic model, which was built around monopolies and exclusive ownership, the sharing economy promotes openness and collaboration. People now live simpler lives, actively sharing not only their resources but also benefiting from others' unused assets. This shift is redefining personal and collective wealth.
In the "Internet+" era, the sharing economy has become a major trend. Consumer participation based on shared values brings both opportunities and challenges. While some industries thrived under exclusive models, they now struggle to attract users who can meet their needs through shared services instead of buying excess products.
As the sharing economy continues to evolve, more sectors are adopting its principles. The transformation brought by this model is reshaping entire industries and driving innovation in business strategies.
The concept of the sharing economy is now entering the 2.0 era—smart, data-driven, and more inclusive. It emphasizes public access, social capital, and collaborative models, blending elements like trust, experience, and ecological sustainability into a broader vision of shared prosperity.
While the internet has revolutionized many aspects of life, it is also transforming industries at an unprecedented pace. Cross-border disruption and subversion are key drivers in the digital age. Companies like Apple and WeChat have disrupted traditional markets, showing how innovation can reshape entire sectors.
With the advancement of VR technology, the sharing economy is expanding into virtual spaces. The future may see a model where people freely share resources online, generating income through collaborative platforms. This could become a key part of post-commercial society, offering new ways to connect and create value.
(Photos from Tencent Research Institute)
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