Luxury in the bag for less than $2 a day

The Chinese sharing economy's latest innovative offering allows users to rent luxury handbags for less than $2 per day, but industry analysts said the business is not likely to grow to a large scale.

Prada, Chanel, Louis Vuitton, Alexander McQueen - all these brands have one thing in common: being expensive. But some startups, riding the sharing economy trend, are offering users a much cheaper way to get hold of their high-value products.

Luxury handbag sharing platform MrsB allows its users to rent a Valentino clutch bag for 8 yuan ($1.15) a day. It also offers "bag securities", which involves users buying a share in the bags - similar to holding stocks - and gaining payouts from future rental fees.