This article discusses the new sharing economy start-ups in China, including bike-sharing and companies that allow phone users to share battery packs, umbrellas and basketballs, and the likely future of the sharing model in the country.

There is also a shift away from mass-market products toward premium products and services, paid for with the money saved by using sharing services; while most importantly the Chinese population is world-leading in mobile payments, using contactless phone payments for the lowest-ticket items, all of which suggests the world’s innovations in sharing businesses may start coming out of China, rather than Silicon Valley.

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