Influence and Enlightenment of the Sharing Economy on Chinese Entrepreneurs

Abstract

Today, the sharing economy has become a popular topic in academic and practical fields. Moreover, how entrepreneurs embark on the proper paths to start their businesses amid the sharing economy has fueled experts' exploration efforts. This article first teases out the connotation of the sharing economy and its present situation in China. Then, the influence of the sharing economy on contemporary Chinese entrepreneurs is analyzed from the perspective of opportunities and challenges. Finally, the enlightenment of the sharing economy on entrepreneurs is summarized, including the enhanced cooperation between the government and the platforms and the joint work done to build a credit system; strengthened human resource management, which transforms this management style from hiring to sharing; the combination of online and offline to increase user coherency; and the integration with multi-brands and multi- industries to meet the needs of different consumers. This paper can assist Chinese entrepreneurs in deepening the understanding of the sharing economy and offers theoretical and practical value for entrepreneurship in this field to effectively start businesses.