Russian media said that recently, the sharing economy has developed rapidly in China. There are several translations of the word "sharing economy" in Russian: collaborative consumption economy, share economy and cooperative participation economy. The concept of CO consumption was first proposed by Rachel borzman and Lou Rogers in my is yours: the rise of CO consumption. In 2010, Time magazine of the United States hailed collaborative consumption as one of the top ten ideas to change the world.

According to a report on the website of Russia Institute of Strategic Studies on February 26, the new social and economic model of sharing, exchanging and renting instead of occupying has led to the change of consumption of goods and services. This model involves a wide range of service areas (tools, equipment, automobiles, housing, information, etc.). With the help of the Internet, this phenomenon has reached a scale comparable to the traditional economic model. The popularity of smart phones and mobile payment systems simplifies the way of cashless transaction and service acquisition.

According to the report, the most popular sharing economy is in China, where 86% of the consumers use mobile payment, leading the world. According to the survey, at the end of 2016, 31.7% of rural Internet users used online payment.

According to the report, in 2016, more than 600 million people participated in the sharing economy activities in China, and the number of employees on the sharing economy platform was about 5.85 million. In 2016, the trading volume of China's sharing economy market reached 3.45 trillion yuan.

According to the data of China's National Information Center, the scale of China's sharing economy in 2018 will be as high as 230 billion US dollars (1 US dollar is about 6.31 RMB), accounting for 1.67% of China's GDP and 44% of the total global sharing economy. The Research Center for sharing economy of the National Information Center predicts that in the next few years, China's sharing economy will still maintain an average annual growth rate of about 40%. By 2020, the scale of sharing economy will account for 10% of GDP; it is expected to reach 20% by 2025.

According to the report, the "Internet plus" strategy China is implementing has used the online business model to the traditional industries, making it easier for start-ups to develop interactive platforms. Sharing service is developing rapidly in many cities, especially in Beijing, Shanghai, Guangzhou, Shenzhen and other big cities. By the end of 2017, ofo companies in this industry had entered the markets of 20 European countries. Its main competitor, Moby, has expanded its business to the United States, Italy, Japan, South Korea, Singapore and Malaysia, and successfully landed in 200 cities around the world by the end of 2017.

Recently, the popularity of shared cars has increased in some cities. As long as you download the necessary mobile phone software, you can search for nearby cars, and then drive to the designated parking lot of the destination to return the car. In the short term, there are more than 10 companies providing such services in China.