What's hot in China's sharing economy
共享经济已经烧红了半边天，继共享单车出现后，共享篮球、共享充电宝、共享雨伞等服务形式也开始如雨后春笋般兴起。
The bike-sharing industry has brought many lifestyle changes in China. But also importantly, the business has inspired entrepreneurs in other industries. From basketball to umbrella, let's take a look at what's hot inthe booming sharing sector.
Bike-sharing
While bike-sharingis no rarity[1]inother parts of the world, the Chinese versionhas given a whole new meaningto the concept, with customers able topick a bikeanywhere in the city (thanks tothe GPS-enabled app) and leave it anywhere at the end of their journey.
[1]rarity:something that is very unusual, or the quality of being very unusual 罕见的东西（或人）；稀有，罕见
Men who do the cooking are something of ararity.
做饭的男人还真是少见。
Diamonds are valuable because of theirrarity.
钻石贵重是因为它很稀有。
The conceptis all the rage[2]among students and young professionals across the nation for being convenient, green and cheap. An average 30-minute ride costs 0.5 yuan ($7 cents) to one yuan.
[2]be all the rage:[old-fashioned]to be very popular at a particular time 风靡一时；非常时兴；十分流行
Long hair for menwas all the ragein the 70s.
在70年代，男人留长发风靡一时。
Shared bikes have become the newest battlefield for global capital, with large amounts of investment flowing into thebilling-on-time[3]bike-rental mobile applications.
[3]按时计费
Umbrella-sharing
Molisan,a Shanghai-based start-up, haslaunched umbrella-sharing servicesin the metro in Guangzhou, South China's Guangdong province, and Fuzhou, East China's Fujian province.
Customers can rent umbrellas by payinga refundable depositandscanning a QR code.
The scheme charges a 20 yuan ($2.90) deposit payable via WeChat. The rental period is 15 days, which renters can renewfor three additional daysafter which they will be charged a late penalty of 0.5 yuan per day.
Charger-sharing
Xiaodian, a phone charger start-up, recently announced a $50 million Series B financial round led bySequoia China CapitalandBanyan Capital[4], with Tencent as a participating investor.
[4]Sequoia China Capital:红杉资本中国基金
2005年9月，德丰杰全球基金原董事张帆和携程网原总裁兼CFO沈南鹏与Sequoia Capital （红杉资本）一起始创了红杉资本中国基金(Sequoia Capital China)。
红杉资本于1972年在美国硅谷成立。在成立之后的30多年之中，红杉作为第一家机构投资人投资了如Apple, Google, Cisco, Oracle, Yahoo, Linkedin等众多创新型的领导潮流的公司。在中国，红杉资本中国团队目前管理约20亿美元的海外基金和近40亿人民币的国内基金，用于投资中国的高成长企业。
Banyan Capital：高榕资本
高榕资本是一家新兴的风险投资机构，专注于TMT行业种子期和成长期投资。高榕资本投资团队曾主导投资了多家优秀公司，包括小米科技、91助手、3G门户、土豆、暴风影音、蘑菇街等。
People can find the company's nearbycharging stationsthrough its app, as well as WeChat and Alipay accounts.
After scanning a QR code, users can start charging their phones. Payment is processed through WeChat Pay or Alipay.
Basketball-sharing
A company in Jiaxing, East China's Zhejiang province, recently launched a basketball-sharing service.
The company has introduced severalpilot lockerswith basketballs at the city's public and campus courts. Users can borrow and return a basketball through the company's WeChat account after paying a 29-yuan ($4.2) deposit. One basketball costs 1.5 yuan for half an hour.
The lockers are equipped with a camera to ensure the process runs smoothly. According to the company, the lockers can also be used tostore personal items.
