The sharing economy is not dying, it’s just transforming, said Ren Mu, chief marketing officer at smartphone power bank sharing company Laidian Technology.

“The apparent death of the sharing economy is actually the death of the term as a concept—not the business model,” Ren explained. “As the tech ecosystem becomes impatient, and treats the sharing economy as just a novel and innovative noun, real implementations are beginning to penetrate our lives.”

“This is about the maturity of the industry, not the death of it,” Ren added.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com