Sharing economy revenues in China are expected to rise 76% this year, reaching RMB 3.95tn ($633bn), according to iiMedia Research. The report defined the sharing economy as the sharing of physical resources on a digital platform, such as ride and space sharing but also included skills such as tutoring. The September report also offered insight into consumer attitudes about the sharing economy in China. Revenues are expected to reach around RMB 5.70tn in 2017, up 44% from 2016. In India, there is no clear definition for what constitutes an “economic platform”.
Sharing economy revenues in China are expected to rise 76% this year, reaching RMB 3.95tn ($633bn), according to iiMedia Research. The report defined the sharing economy as the sharing of physical resources on a digital platform, such as ride and space sharing but also included skills such as tutoring. Revenues are expected to reach around RMB 5.70tn in 2017, up 44% from 2016. In India, there is no clear definition for what constitutes an “economic platform”.