China's sharing economy continues to push service sector growth
Implications - As China's burgeoning sharing economy continues to become intertwined with the government's work to restructure with an emphasis on transparency, a number of emerging apps hope to empower Chinese consumers with peer-to-peer platforms that maximize its potential for all stakeholders. This progression demonstrates that despite various challenges related to regulation, the sharing economy is poised to contribute to considerable service sector growth in the Chinese economy.
Workshop Question - How could you adapt your product or service to offer it in the sharing economy?
Trend Themes
1. Peer-to-peer Platforms - The emergence of peer-to-peer platforms in China's sharing economy presents opportunities for shared restructuring policies.
2. Expansion Into New Markets - Chinese ride-sharing services like Didi Chuxing plans to expand into new markets, such as Mexico, opening opportunities for other markets around the globe.
3. Personalized Services - 1919.com offers a personalized and innovative experience to Chinese wine and spirits enthusiasts through its live sommelier service, catering to the growing wine market in China.
Industry Implications
1. Hospitality Industry - The opportunities presented through Xiaozhu, China's Airbnb and promises more humanized and social accommodation options, offer a glimpse of the potential of a sharing economy for the hospitality industry in China.
2. Personal Transportation Industry - The introduction of electric, car-sharing vehicles like the Honda Everus presents a glimpse into the evolving consumer preferences for personal transportation and future disruption in the industry.
3. Food Service Industry - On-demand meal apps like E Le Me highlight the potential of food-sharing options for small restaurants in China and can help increase their profitability within the industry.
6 Featured, 53 Examples:
91,042 Total Clicks
Date Range:
Aug 15 — Aug 18
Trending:
Average
Consumer Insight Topics:
