Pros and Cons of China’s Platform Economy

Yanwei Sha

Abstract


The situation of people telecommuting and online-working/studying has become the new norms, and it encourages the platform economy in China to develop to a new level. In this circumstance under global epidemic, quite a few industries take advantage of people voluntarily or involuntarily relying on digital media and shift their business focus mainly on digital platforms. Therefore, a innovative economic model is born. China’s platform economy offers a new possibility of living a digital life during COVID-19; furthermore, the deeper meaning reveals as promoting China’s economy by analyzing its pros, and through understanding the cons to obtain a more complete system.


Keywords


Platform Economy; Gig Economy; Network Effects; Two-Sides Market; Ride-Hailing Platform

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References


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DOI: https://doi.org/10.18686/mcs.v4i2.1487

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