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Tuesday, June 06, 2017
Collapse of sharing economy happens sooner or later
ANBOUND

After the online beauty product and luxury goods retailer Jumei acquired AnkerBox, another major industry player, for 300 million yuan, there is the incident of the founding team quitting, and AnkerBox, which specializes in power banks, is being questioned by the market. In recent years, China's sharing economic model is becoming more extensive, covering from the cars to the motorbike, from the power banks to the basketball. Anbound's research team has always believed that the sharing economy is a product of excess capital and a bubble; it is also the consumption of excess wealth through venture capital. Sharing economy has always been a major way to convince the fund to generate investment; when this can really attract money, investors rush to follow suit. If this continues, the collapse of sharing economy will happen sooner or later.

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