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Car-sharing market floundering

By Hao Yan ( China Daily ) Updated: 2017-03-20 07:01:27

High cost, low fees and a limited user base mean mobility startups are not currently seeing success

Chinese companies in the car time-sharing business are facing the risk of insufficient cash flow, as they are relying heavily on funding while burning bank notes for vehicles and car plates, industry insiders said.

Car time-sharing is also known as short-term car rental.

Car-sharing market floundering

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