McKinsey: Rides top popularity charts

In the fast-expanding sharing economy, online ride-hailing has emerged the most popular service. More than 30 percent of consumers polled for a survey said they have used the service, said McKinsey & Co in a report.

Ride-hailing saves time and offers convenient access to cars - two factors why Chinese consumers prefer it over public transportation these days, according to the survey that polled 2,900 people in 40 cities.

The survey report said there were more than 10 million active users of ride-hailing services in China at the beginning of this year.