TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

China's sharing craze goes into overdrive with shared luxury cars

Lee Min Kok (The Straits Times/Asia News Network)
Wed, August 30, 2017

Share This Article

Change Size

China's sharing craze goes into overdrive with shared luxury cars A start-up in Hangzhou recently launched its shared-luxury car service, local news media reported. (Shutterstock/File)

F

rom umbrellas and stools to nap capsules and subway KTV booths, China's sharing craze has gone into overdrive over the past year.

But the boom appears to have spawned its most unlikely commodity yet - luxury cars.

A start-up in Hangzhou recently launched its shared-luxury car service, local news media reported.

During its promotional period, customers can rent a Nissan GT-R or a Rolls-Royce for as low as 19.90 yuan (US$3) and 49.90 yuan per hour respectively.

Normal prices will range from an hourly rate of 300 to 600 yuan.

Supercars such as the McLaren P1 are also available for rent at 15,000 yuan an hour.

Read also: Luxury car owners too busy to pay taxes: Club

The start-up's founder said he hoped to provide greater access to luxury cars with his service, although some residents expressed concerns that the price was too high.

Backed by a torrent of venture capital, China has gone sharing mad in recent months with a variety of novel ideas.

Some, however, have proven short-lived - an umbrella-sharing scheme quickly collapsed when most of the umbrellas disappeared within the first few days, while authorities quickly closed down shared napping capsules in Shanghai due to fire risks.

A BMW-sharing scheme was launched recently in Shenyang, with users scanning a QR code with their mobile phones to rent a royal blue BMW 1 Series for a rental fee of 1.5 yuan per kilometer.


This article appeared on The Straits Times newspaper website, which is a member of Asia News Network and a media partner of The Jakarta Post
 

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.