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Eight highlights of the ‘new economy’ in 2017

chinadaily.com.cn | Updated: 2018-01-10 07:03

No 4 The sharing economy had a bittersweet development

A bicycle made by the bike-sharing giant Mobike is parked on a street in Milan, Italy, as the company announces its expansion to Italy, its fourth global country, Nov 27, 2017. [Photo/VCG]

The sharing economy has penetrated people’s daily lives in many areas such as bike sharing, car sharing and phone charger sharing. However, major companies such as ofo and Mobike took a large bite out of the market and left the small fish struggling to survive.

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