Sharing Economy and Business Providers

China Internet Association: There are 50 million sharing business providers in China and they have more than 500 million consumers, according to a report by the center, according to Xinhua China. The sharing economy satisfies a variety of needs in daily life and business. BEIJING, Feb. 28 -- From ride-hailing business to online auctioneers, sharing economy platforms have created a market worth 1.95 trillion yuan in 2015, according to figures released by the National Information Center Sunday. In addition to taxi-hailing apps such as Didi, product, knowledge and service-based providers have mushroomed on the Internet, said Yang Yixin, deputy secretary-general of the China Internet Association, at a press conference issuing the report. Taxi-hailing app Didi, the result of a merger between two separate startups in early 2015, raised tens of billions of U.S. dollars last year from domestic and overseas investors. Zhang Xinhong, with the National Information Center Information Research Department, said China sharing economy would grow at an annual rate of 40 percent in the next five years, and would take up more than 10 percent of China GDP by 2020. (news.financializer.com). As reported in the news.