Although some critics say what passes as sharing in China is just old-fashioned renting, China’s sharing economy has been booming in recent years. Chinese consumers are sharing bikes, basketballs and napping pods. However, China’s travel industry hasn’t quite caught on. Zuoyu Capital CEO Alex Wang blames a shortage in high-quality, diverse travel-sharing services in the country. getAbstract recommends this article to those curious about how existing industries can catch up on trends.
In this summary, you will learn
- How to define and characterize the sharing economy,
- Why the sharing economy hasn’t taken off in China’s travel industry and
- What developments would facilitate the sharing trend in China’s travel sector.
About the Author
Alex Wang is the CEO of Zuoyu Capital, an institute that specializes in China’s travel industry market research. Wang was previously a senior research analyst and research director at iResearch, where he supervised more than 20 research projects.