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Business

Sharing economy flourishing in China

Local startups quickly adapting to changing consumer trends

With only two taps on a smartphone, cyclists can take a Mobike out for a spin.

SHANGHAI -- Chinese consumers are increasingly adopting sharing services offered by startups as slowing economic growth prompts many to yield more with less yuan.

On top of services that are now global standards, such as taxi-hailing, ride-sharing and home-sharing apps, Chinese startups are offering more variety.

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